As new year 2017 approaches, it is important to look back and see how America came to create so many poor out of Middle Class Americans (MCA)?
America’s middle class is shrinking, and that is a matter of fact.
America’s middle class is dying because of one major reason: Global Free Trade (GFT).
This is clear because about roughly the same number of new billionaires in China equals the number of former billionaires in the United States, who are no longer billionaires. Money moves in one direction. When one nation loses money, another nation gains money. In the same way, when America’s Middle Class becomes poor, this very reality creates a new Middle Class in another country.
As America’s Middle Class became poor, China’s poor got more money and became China’s new Middle Class. Economic gain is a zero sum game. When one country loses money, another country gains money.
Unfortunately, Free Trade hurts America, since China has labor that will work for cheap price.
Unless, the United States government imposes Tariffs on foreign goods produced, American companies will go bankrupt, because they can’t compete with cheap labor nations in a Free Trade environment.
When American jobs move to China, then American Middle Class worker is fired from his or her job in the United States of America. Thus, protecting American factories and companies and requiring they hire American workers in America are ethical obligations of the US government to the American people.
It is a part of Christian economic ethics to require governments to fulfill their ethical and economic obligation to their citizens. Unfortunately, not enough Christian college professors are writing about the Biblical requirement of countries to fulfill their economic ethical obligation to their citizens.