It was reported recently that 3 million containers moved through the port of Savannah in the past fiscal year. We imported mostly consumer goods and exported kaolin, wood chips and chicken. We also imported and exported domestic and global poverty.
Importing goods made with desperately low-cost labor effectively closes our factories and lays off employees. The foreign workers get locked into low wages and are in poverty forever. Only the importers and retailers benefit in this situation and many of them are allowed to pay reduced taxes and duties.
Multiply this by 50,000 factories closed in the past five decades and it is easy to see why the U.S. and the global economy are in the doldrums and will not, cannot get better until we find a remedy for all this savings. Adding insult to injury, our government elects to borrow money to pay unemployment and food stamps for the laid off workers.