Donald Trump Wins GOP Debate, Wrong On China – Video
Donald Trump won the GOP Debate Thursday night but he and Senator Ted Cruz are completely wrong about how to win the economic war against China.
Currency manipulations will not drive American wages down to the cents-on-the dollar levels of China. The only possible chance we have is to subsidize labor in specific areas of America and also not the company, but the worker through the firm.
Thus in West Oakland a person would get a check from the government to the company that is then passed through to that specific worker. The company pays $10 – the worker gets $10 to make that person’s total wage $20 per hour.
That is the solution that will work.
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http://youtu.be/IN7YGDxfYwY