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LETTER: Making economy stronger

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By The Staff

The pursuit of a well paying job here in America seems to be getting increasingly more difficult. People are losing their jobs at an alarming rate, and many that still have work have had to take a cut in pay and work more hours. This is happening nationwide, regardless of the level of education.

The reason for this should be obvious to everyone. There aren’t enough businesses in our nation to support the American workforce.

The supply of our workers is high and the demand for them is low, so either there is no job available or the compensation for the job is decreased. I believe that is a theory stated in Economics 101.

In the last 10 years, over 40,000 of our nation’s factories have been closed and millions of jobs have been lost to foreign countries due to the globalization of our economy.

That is absolutely unacceptable! Manufacturers make their products overseas because they are cheaper to make in countries where the workers live in poverty and there are few environmental restrictions. We need to bring those businesses back to the United States, but the American people cannot and should not compete with that type of economy.

To level this uneven playing field, we must place tariffs on all goods that are imported into the U.S, making it no longer profitable for companies to make products overseas and sell them here in America.

Tariffs are taxes placed on goods that are imported from other countries. These taxes on imports would make it more profitable for businesses to manufacture products here rather than in other countries. Once the tariffs are in place, businesses will spring up all over our nation. There will be more jobs than there are people to fill them. This will bring the wages up and our unemployment rate down.

One argument against tariffs is that other countries will tax our exported goods if we tax theirs. But since our imports are four to five times greater than our exports, the good far outweighs the bad. Another argument is that tariffs will make products we buy more expensive, however competition between companies here in the U.S will naturally keep prices low.

If prices did increase, it would be minimal, and I would gladly pay an extra dollar for my t-shirt if it was made by my fellow Americans. Don’t get me wrong, I am all for competition, as long as it is between the American people. Unless we want our country to be living in poverty like the countries we are competing against, then it’s time to make a change.

The next time you’re at your local superstore, see if you can find a few things made in the United States. Good luck! The vast majority of our clothing, toys, tools, electronics, etc. are imported from China, Mexico, Korea and other countries. We used to make all of these things here, but now, finding anything made in America is very difficult.

Manufacturing these goods here in the U.S would create millions of good paying jobs for people of all education levels and backgrounds.

The globalization of our economy has only made other countries like China and Korea stronger, and we are becoming increasingly weaker. Let us make our country strong again and demand these tariffs be levied now.

Nathan Hughes

Taylorsville