Symposium 2012: Is a trade war with China looming on the horizon?

Cartwright: A trade war with China would be the worst thing we could do. I’m tired of hearing everyone bitch and moan about how China is taking jobs from America. The simple fact is that we can’t compete with their low wage labor. They’re producing goods with every bit as much quality or even better than what we can produce here in America, and they’re doing this at a fraction of the cost. American workers aren’t willing to work for $2 an hour. Besides, we’ve got a minimum wage law that sets wages at levels that make us less competitive than manufacturers in other countries. Continue reading