I am thoroughly disgusted with crybabies in the American Congress. On the one hand they demand open market access for American products abroad. On the other they are conning the American people into believing that job losses in some industries can be redressed with import restrictions. Were these industries critical to national defense, there could be cause for concern; but shoes and clothing?
Recently, a government spokesman revealed that more Americans are employed now than at any time in our nation's history. This means obviously that despite some industrial job losses, there has been more than an adequate makeup in other industries.
My boyhood town was once a center for cowboy boots, boasting three small factories. Today there are none, not due to foreign competition, but because of market changes and another American bootmaker making a more economical and saleable product. Former employees found new jobs, and most are now delighted they were "victims of progress" since they have better jobs and increased their income.
What is conveniently forgotten in current trade rhetoric is that only 30 cents out of every retail dollar goes to the manufacturer. By curtailing imports, one may keep a few manufacturing jobs, but put 70 cents worth of American jobs at risk in marketing, transport, distribution, advertising and retailing.