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We should be asking if USA's harmed by globalization? If so, how can it be remedied?

Although international trade itself is generally beneficial to participating nations, a trade deficit's always economically detrimental to the nation's economy. USA's trade deficit of goods (even after adjusting for the value of the U.S. dollar), has been annually increasing for over a half century. There's no reason to believe it will not continue to do so as we continue to seek pure free trade.

When due single or a group of producer's efforts a community's volume of production is significantly modified, similar resonating production within the community are induced from other producers. This often affects producers of completely unrelated products; (i.e. increase or decrease of manufacturing production affecting beauty parlor sales of services). This modification of the community's production of course affects local jobs and their wage rates.

This same phenomenon occurs when the initial catalytic producers were small but acting in concert. (That's often the case for single or allied industries). On a national scale this is all generally dispersed and thus less obvious but no less real.

For over a half century USA's continuously increasing annual trade deficits of goods has been such a significant catalyst. Our annual GDPs and median wages have been less than otherwise due to our pursuit of pure unrestricted free trade (among nations that are unwilling and/or unable to sufficiently compensate their laborers).

The shifting of wealth is generally not inhibited by national borders, labor is generally so restricted. Our trade deficit's net detriment to USA's economy is greatly under-estimated by those influential within and outside of our government. Is this due to its affect upon the median wage being proportionately more burdensome to lower income families?

A trade deficit's detriment to the gross domestic product greatly exceeds the amount of the deficit itself. This is its multiplier effect. Any harm to the GDP affects the median wage.

If the U,S. Congress determines we practice global charity, it should be funded (as was the Marshall Plan) by all USA tax payers rather than its greater proportionate burden upon lower wage and salary earning families.

In 2003 Warren buffett's concept to significantly decrease USA's trade deficit of goods was published.

The self funding proposal is market rather than government driven and requires no constitutional amendment. It will increase rather than decrease USA's aggregate sum of imports plus exports. We can enjoy a median wage's greater purchasing power and cheap (but not the absolute cheapest) imports. The absolute cheapest goods are no bargain. I'm aware of no existing or proposed trade policy that could accomplish this with less government intervention or less increased prices of imported goods.

For more information regarding Warren Buffett's proposal:
search Helium.com with the key words; trade deficit, buffett
and refer to www.USA-Trade-Deficit.Blogspot .com

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