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Why is dumping bad? |
Question: It seems if countries sell goods to the US at below cost, the US consumer benefits. With unemployment well below 5% in the US, it doesn't seem to be affecting people's ability to earn a living. Obviously, though, I am missing something. What is it that makes dumping so bad? Answer: If the same goods are made in America, but at a higher price, people will not buy them. The American industry slowly vanishes, as we become dependent on foreign made goods. Once there is no industry in America, the foreign manufactures raise the prices. We slowly become a nation of consumers, with little or no industries. |
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