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Posted by Supposn:
USA’s trade deficit’s drags upon our domestic production are particularly reflected by drags upon employees’ earnings, (i.e. drags upon numbers of jobs, wages and wage-rates). Employees, their dependents are almost the entire USA population; they and many of our nation’s enterprises are highly sensitive to the purchasing powers of employees and their dependents.
My concern is for our population’s superior quality of life. I do not believe that can be accomplished by somehow “capping” incomes but rather by improving our median quality of life. The consequences of such achievements would be the significant improvement of life for the financially least of us.
I do not believe we can improve our quality of life if we do not improve our GDP. Annual trade deficits are immediately detrimental to their nation’s GDP.
CPWill, I am not confusing GDP with another word referring to any statistical description of our population’s quality of life.
My concern for the GDP is based upon the the feasibility of governments or corporations or non-profit entities including our families and ourselves to improve our population’s or our own quality of lives are to some significant extent dependent upon improving the nation’s domestic production.
Please explain your comment, "you should be against spiking their cost of living, driving down their standard of living".
Respectfully, Supposn
USA’s trade deficit’s drags upon our domestic production are particularly reflected by drags upon employees’ earnings, (i.e. drags upon numbers of jobs, wages and wage-rates). Employees, their dependents are almost the entire USA population; they and many of our nation’s enterprises are highly sensitive to the purchasing powers of employees and their dependents.
My concern is for our population’s superior quality of life. I do not believe that can be accomplished by somehow “capping” incomes but rather by improving our median quality of life. The consequences of such achievements would be the significant improvement of life for the financially least of us.
I do not believe we can improve our quality of life if we do not improve our GDP. Annual trade deficits are immediately detrimental to their nation’s GDP.
... If you wish to improve our population's superior quality of life, then you should be against spiking their cost of living, driving down their standard of living. In the meantime, you are confusing "GDP" with "Standard/Cost of Living".
For an overly-simplified example, if you increase someone's take-home pay by 15%, but then you increase their cost of living by 30%, are they better off? Or worse off?.
CPWill, I am not confusing GDP with another word referring to any statistical description of our population’s quality of life.
My concern for the GDP is based upon the the feasibility of governments or corporations or non-profit entities including our families and ourselves to improve our population’s or our own quality of lives are to some significant extent dependent upon improving the nation’s domestic production.
Please explain your comment, "you should be against spiking their cost of living, driving down their standard of living".
Respectfully, Supposn