How does foreign trade benefit the U.S. economically?what do we gain? what do we lose? why is the gain better than the loss? what did the U.S. have before? for a debate, I cant find crap on the internet. anybody got some answers?
Well, the benefits to foreign trade is that we can get products for extremely cheap, mostly because in Taiwan, China, Africa, et al., they have children, geriatrics, and poor people make these products. They don't need to pay them much, perhaps a buck an hour or so. So then we buy these products for extremely cheap. Take fruit, for example. Bananas are like 39 cents a pound. How are they so cheap? It's mostly because of extremely poor foreign workers.As for the disadvantages, well... we lose jobs that we could keep here. We could be paying American workers to do these things, which would keep the money here in America.As for why it is better to keep trading, I don't know.
Their economy is so F*cked up because of outsourcing jobs and trading for goods while letting American industries deteriorate. Companies that outsource the jobs get to take advantage of paying workers ridiculously low and unfair salaries in Thailand, Japan, China, etc., instead of paying regular wages here in the US. It hurts the US economy and industry to an extent, but if you look at it realistically, would people in the US really do those jobs? I personally don't think so and illegal immigrants would be doing them anyways. Wal-Mart and Nike are two of the biggest corporations in the US, so take it for what its worth, but they both outsource their jobs.
