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MAGAnomics essentially undoes nearly forty years of [[General Agreement on Tariffs and Trade|trade agreements]], primarily with [[NAFTA]] and [[China]]. It resembles the trade positions of [[Ross Perot]], [[Pat Buchanan]], [[Walter Mondale]], and [[Richard Gephardt]], all past major party presidential candidates. These candidates all opposed the destruction of manufacturing jobs in the [[United States]] and full scale conversion of America into a service sector, [[consumer]] driven economy.
MAGAnomics essentially undoes nearly forty years of [[General Agreement on Tariffs and Trade|trade agreements]], primarily with [[NAFTA]] and [[China]]. It resembles the trade positions of [[Ross Perot]], [[Pat Buchanan]], [[Walter Mondale]], and [[Richard Gephardt]], all past major party presidential candidates. These candidates all opposed the destruction of manufacturing jobs in the [[United States]] and full scale conversion of America into a service sector, [[consumer]] driven economy.
President Trump began a process for less dependence on foreign companies for cheap goods, (the cornerstone of a service economy), and began a return to a more balanced U.S. larger economic model where the manufacturing and a production base can be re-established and competitive based on American entrepreneurship and innovation.
As the U.S. economy expands; and as blue-collar manufacturing returns; the demand for labor increases, and as a consequence so too does the U.S. wage rate, currently +3.4% in mid-2019 which was stagnant or non-existent for the past three decades. Total compensation for U.S. workers is now growing at a +5.5 percent rate.
While Buchanan and Perot are usually called [[paleoconservative]]s, Gephardt and Mondale are often referred to as [[socialist]]s with [[nationalist]] tendencies. All opposed [[globalist]] trade agreements and the movement toward a [[War on sovereignty|loss of sovereignty]].
While Buchanan and Perot are usually called [[paleoconservative]]s, Gephardt and Mondale are often referred to as [[socialist]]s with [[nationalist]] tendencies. All opposed [[globalist]] trade agreements and the movement toward a [[War on sovereignty|loss of sovereignty]].