Americans have access to so many social safety nets. I find it hard to believe they would buy ethically produced products had they more money.
Also America doesn't need to trade with China, but it does anyway.
Also America doesn't need to trade with China, but it does anyway.
America certainly needs to trade with China these days. Our economy cannot support costlier manufacturing these days
If we didnt have trade relations with China we'd automate the terrible jobs that we get chinese citizens to do for low wages. I believe the only reason we export work is because once you include capital cost (upfront investments) its cheaper/easier to have a human do it.
Of course, there'd be some ramp up time required where our stuff would be really expensive. Its going to happen anyways as Chinese citizens become more and more affluent and demand the middle class life of the rich world.