Krugman Admits He Was Wrong

[Dondilion]

Originally Posted by nailer

Dream on. The middle class of which you speak will keep shrinking because the US cannot afford continuing to overpay manfacturing workers in a globalized economy. That is, unless you want high tariffs on well made consumer goods. Remember, high wages are why US manufacturers have outsourced manufacturing to lower paid countries.

But US outsourced mainly to a country which is gearing up mightily against her.

[whell]

Originally Posted by Dondilion

But US outsourced mainly to a country which is gearing up mightily against her.

Correct. All those "Made in China" consumer goods we purchase have paid for that gear up.