people have trouble understanding something like, "everything I buy is 10 pct cheaper thanks to globalization" versus "thanks to trumps tarrif's I make 5 pct more". One is direct and noticeable while the other isn't.
Except the average price is fixed to rise by 2% a year (Or rather price of paper money relative to average purchase is fixed to fall 2% a year).
So using your numbers, globalization would have actually raised wages by 10% compared to what they would have been if we didn't have it and a lot of people's job here would consist of making t-shirts in sweat shops.
