The sad part of this "free trade agreement" is that labor costs have very little to do with the price of the Chinese imports. We run a small plastics molding company that was doing very well before the advent of Chinese imports.
My wife is a good accountant and crunched many numbers to see how we could compete. Her first deduction was that if we used a zero labor cost in our business that the Chinese were still underpricing us by almost 50%.
Whoa, how can that be? If our employees would be willing to work for $0.00 per hour we still could not match their prices. It may be free trade but it is not FAIR trade. The Chinese government will not permit their currency to be traded on the world market and thus can dictate the exchange rate with their trading partners. It is all just a money laundering scheme that our government is either afraid to or unwilling to correct..........I can still mow lawns for our retirement (no disrespect directed to anyone).....and I do. :usflag: