The majority of the population aren't the rich people with tons of money in the bank or entrepreneurs starting companies. The price of gas and basic food items increasing rapidly is devastating to many people.
Then you have to consider what is more devastating: Being unemployed because your job was shipped to a country with a weaker currency, or being employed but paying more for imported goods because our currency is weakened.
A weak dollar will create more jobs in the USA as it becomes more expensive for companies to outsource to other countries. In the short term, imported goods will increase in price, but longer term they will readjust to levels that reflect their real value as production moves back on-shore.
Exactly, and the weakening dollar is making food, gas, etc more expensive to the poor in the US. The strong dollar is especially beneficial to the consumers.
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The majority of the population aren't the rich people with tons of money in the bank or entrepreneurs starting companies. The price of gas and basic food items increasing rapidly is devastating to many people.
Then you have to consider what is more devastating: Being unemployed because your job was shipped to a country with a weaker currency, or being employed but paying more for imported goods because our currency is weakened.
A weak dollar will create more jobs in the USA as it becomes more expensive for companies to outsource to other countries. In the short term, imported goods will increase in price, but longer term they will readjust to levels that reflect their real value as production moves back on-shore.
Worked like a charm in Zimbabwe
You say that as if it was possible to move 25% of the world's oil production to the United States.
Exactly, and the weakening dollar is making food, gas, etc more expensive to the poor in the US. The strong dollar is especially beneficial to the consumers.