Comments on: The Latest US-China Currency Spat: All You Need to Know About US Politics http://www.chinahearsay.com/the-latest-us-china-currency-spat-all-you-need-to-know-about-us-politics/ China law, business and economics commentary Thu, 09 Feb 2012 12:49:55 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Stan http://www.chinahearsay.com/the-latest-us-china-currency-spat-all-you-need-to-know-about-us-politics/comment-page-1/#comment-76220 Stan Wed, 17 Mar 2010 06:13:59 +0000 http://www.chinahearsay.com/?p=5423#comment-76220 Don't assume that anyone is actually thinking that far ahead (re: the cost of imports, if the jobs will actually come back). Agree with you completely. A big hit to Chinese imports will push jobs to Bangladesh, Mexico, Vietnam, etc. It will not do much, if anything, for U.S. employment. Seems pretty obvious. Basic tenet of political economy: power of a concentrated group (e.g. manufacturing) is always much greater than a diverse, widespread constituency (e.g. consumers). No one ever lobbies for policies that will keep imports cheap. Don’t assume that anyone is actually thinking that far ahead (re: the cost of imports, if the jobs will actually come back).

Agree with you completely. A big hit to Chinese imports will push jobs to Bangladesh, Mexico, Vietnam, etc. It will not do much, if anything, for U.S. employment. Seems pretty obvious.

Basic tenet of political economy: power of a concentrated group (e.g. manufacturing) is always much greater than a diverse, widespread constituency (e.g. consumers). No one ever lobbies for policies that will keep imports cheap.

]]> By: Yokie Kuma http://www.chinahearsay.com/the-latest-us-china-currency-spat-all-you-need-to-know-about-us-politics/comment-page-1/#comment-76219 Yokie Kuma Wed, 17 Mar 2010 06:04:21 +0000 http://www.chinahearsay.com/?p=5423#comment-76219 I don't understand .... is it really thought that a re-valued reminbi will help create jobs in the US? The jobs that were lost to China were mostly manufacturing jobs .... and they're not coming back. Who has the $ or the desire to build a factory in the US? The reminibi would have to re-value A LOT to be able to justify that cost! And a re-valued RMB would also drive the cost of goods up. With bad unemployment, do people really want their Wal-Mart purchases to get more expensive? I don’t understand …. is it really thought that a re-valued reminbi will help create jobs in the US? The jobs that were lost to China were mostly manufacturing jobs …. and they’re not coming back. Who has the $ or the desire to build a factory in the US? The reminibi would have to re-value A LOT to be able to justify that cost!

And a re-valued RMB would also drive the cost of goods up. With bad unemployment, do people really want their Wal-Mart purchases to get more expensive?

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