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The Pros And Cons Of US Wage

1457 Words6 Pages

As mentioned above, the nations U.S. companies advanced into have already developed the production base of these “prompt, inexpensive and skillful”. Accordingly, in U.S. where considerable production has shifted to overseas, as a result, this production base seems to have been weak in the related industries. (note2) A related infrastructure is an industrial base such as roads, railroads, airports, ports, power plants, water supply, communications, finance, and living bases such as houses, schools, hospitals, parks, and commerce etc. (note3) Originally, ecosystem is of a community in which animals and plants adapt to the environment (water, soil, air, the sunshine, etc.) while living in competition, coexistence, resource sharing etc., however, …show more content…

Therefore, the trade deficit is not an evil but a support for the life of U.S. Given this reality, if President Trump forcefully executes his policy to increase employment and U.S. wage levels do not change, U.S. citizens other than the newly hired will purchase goods at higher prices than imported ones. This is nothing but the income transfer from the side not directly benefited from the new employment to the receiving side. In addition, the workers who live in, for example, the trading business will lose jobs to other domestic workers. If this happens, it will create a newly dissatisfied layer, which might shake the stability of the …show more content…

According to employment statistics in U.S., the situation seems to be close to full employment, therefore, if U.S. forcibly creates jobs, it will provoke wage-rise and the cost-push inflation over time. This employment situation close to full employment makes us wonder why dissatisfaction with employment became the background of Mr. Trump’s win. Presumably, employment shifts to service industries in which wages are considerably cheaper than in manufacturing industries, namely employment structural change might have happened. Consequently, the number of low-wage workers has significantly increased, and discontent has expanded along with it. The downfall of the middle class of U.S. occurred. On the other hand, depending on the region and industry, there is allegedly the shortage of workers, therefore, many mismatches in supply and demand of employment can exist. This suggests the need for U.S. to focus on re-educating workers and lifelong education of them. Even if U.S. attempts to protect only a general concept of employment, it is not realistic. To protect individual workers with concrete measures is an essential

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