Just out of curiosity what would happen if everyone bought American made products, like clothes, food, cars, and whatnot ? wouldn't everyone be working making those products? If it cost a company 15 an hour minimum wage and they raised the price on their products would it even out?
thats what "aggregate Demand is SUPPOSED to be, and why Henry Ford said :
There is one rule for industrialists and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible.
he wanted to build cars that sold to everybody, including his own workers, so they could also
Buy His Cars instead of just making toys for the wealthy, which is of course a limited and fickle market.
if everybody paid higher wages, we had nearly full employments, and we lived in a closed system then "aggregate demand" could increase the volume of transactions across the market, to a point, causing overall economic growth. to a point.
everybody does NOT pay higher wages, we have nowhere near decent employment numbers and the system is NOT closed.
companies are "outsourcing" labour needs to foreign lands to save on wages and dodge environmental regulations
illegal immigrants and the companies that hire them are "insourcing" cheap foreign labour
the unemployment numbers (the real ones not the fake "new jobless claims") are staggering
imported goods are priced lower than US made ones, thanks to a foolish opposition to tariffs and taxes of foreign goods
"Tree Trade" treaties are eroding whats left of the american economy and transforming foreign lands into nothing but a sweatshop for cheap disposable "consumer" goods, until our money runs out, and then we will also be a broke ass third world country, just like so many others.
a nation should be SELF SUFFICIENT, not dependent on foreign lands for imported food materials and tools. america was self sufficient once, and could be again, but not til we get LEADERS and scrub the Gimmee Gimmee mentality from our populace.