GrumpyG on Nostr: But how do you create that industry unless it's nurtured internally and protected by ...

But how do you create that industry unless it's nurtured internally and protected by tariffs? The problem that the US has fallen into is that it's left it's people behind in pursuit of cheap labor on the global market.

This makes sense from an international business perspective, but what do you do with the people that have been made obsolete and have an ever increasing gap between inflation and real wages? That's the model that has brought the US into it's debt spiral.

Only way out is for the US economy to mirror China in that regard. Build a US economy for the US people and balance the wage growth with inflationary pressures. When that happens the rest sorts itself out because the relationship between goods and income maintain.

Bottom line, rebuilding a middle class is the only way out for the US. Tariffs are the only effective way of getting there. Anything short of that is a daily rug pull on the middle class.