Another post of mine on the same topic
Is this supposed to be some kind of joke or something? I don't know how can you not know the implications after spending so much time on this forum!
Anyways, when people prefer imported products, it's because they are more cost-efficient, & it's the nature of the markets to continuously move towards the most cost-efficient products
So, imports only means that the labor used on producing those products domestically would be used to produce something else & hence there would be MORE goods & services (REAL WEALTH) within the country, lower prices & higher living-standards so jobs don't necessarily have to be "lost", they merely shift to producing other products.
The problem isnt' necessarily the imports, they merely INCREASE real wealth in the country; the problems are the often the regulatory hindrances that prevent businesses from taking utilizing that labor as soon as possible & other stupid laws like minimum wage laws, which keep people unemployed
Ah! The money! That's the Keynesian issue because they think "money" is wealth & that's why they THINK just printing more of it will create more wealth But for those who understand real economics, GOODS & SERVICES are REAL WEALTH; if "money" was wealth then Zimbabwe would have become the richest nation in the world when they'd hyperinflation.
Let's look at a simple example :
Let's say there are a $100 in the economy & there are 100 people capable of producing 100 goods in a closed economy
Now, that's the baseline at an averate rate of 1 person = 1 good = $1
Let's say 11 goods are imported from China at $10, what effect does that have on 100 Americans' labor capacity? NONE. They can STILL produce 100 goods & since the supply of money has reduced in relation to labor, it puts downward pressure on its NOMINAL price (wage/salary) so now it's $0.90 = 1 person = 1 good
But guess what happened to the WHOLE ECONOMY, now there are 111 goods (100 + 11 imports) & $90, meaning every $1 is worth 1.23 goods instead of $1 = 1 good, the average NOMINAL wage has dropped from $1 to $0.90 BUT previously they could each buy 1 good on average, now they can buy 1.11 goods each on average (1.23 x 0.90)
Oooh, those $10 are gone BUT there are 11 MORE goods that otherwise wouldn't have been there
So again, "money" is NOT wealth at the macro-level, it's the goods & services that determine the living-standards within a country, the more goods & services there are, the cheaper they'll be & higher the living-standards
Again, you should seriously consider leaning about "opportunity cost"
You keep posting this Keynesian fallacies that have been debunked ages ago, you should read this book & may be you'll gather the market-perspective - http://www.hacer.org/pdf/Hazlitt00.pdf
It's a very short book, written in plain English & it's absolutely free so please go ahead & have a look!