Comments by "Daniel Larson" (@daniellarson3068) on "Economics of Trump Explained by an Economist" video.

  1. Gee Whiz - Sounds like that was a while ago. Back in those days one could work, save money and pay for an education. Can you still do that?
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  2. Your videos make people think. I do believe the factory of the past will remain in the past. PLCs and robotics will continue to automate much production. The backbreaking work of my grandfather will be limited. Those that manufacture and build will learn better ways to manufacture and build. With manufacturing before our eyes we will look to make it better. This is where technological progress comes from. It comes from this incremental improvement. One learns by doing. Do we want these technological innovations to come from the USA or elsewhere? Do we want to be dependent on products produced abroad? Do we want to produce the value added products here or ship raw materials abroad? Do we want that freedom to choose? Mr. Biernat spoke of people choosing to be artists. How can people choose when they work two or three low paying jobs to just survive? There are towns in the Midwest that are essentially ghost towns after manufacturing left. There are few choices for the people in those towns. There is little money to be spent on the art of John Adams descendents. Manufacturing, building and mining can provide good paying jobs for people to support families. The wealth of the nation is built from this labor. Trump may not be right in his policies but the idea of returning manufacturing to the USA will provide opportunities for engineers and artists. Unemployed and underemployed people are a waste of the biggest resource in the nation, the people. Domestic manufacturing will return wealth to the United States. This wealth can give additional choices to the people. Comparative advantage does not work when you have the choice of near slavery abroad doing the work versus having to hire free men to do the work.
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  3. Boeing is due for increased competition from China. Will the industries of the future be developed in North America?
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  4.  @laurensa.1803  Less freedom to choose.
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  5.  @Heater-v1.0.0  Any time one puts regulations in place they are managing the economy. Air pollution regulation is one such example. Safety regulations are another. These regulations done for the good of the people tilt the advantage to places where such regulations do not exist. Those places then have a "comparative advantage." I see nothing wrong with using other government rules to tilt the "playing field" back to being level. It's a delicate balance.
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  6. Someone still has to repair and maintain all that automation. Someone needs to retrofit it things as production needs change.
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