A Rising Yuan Won't Lift All Boats

A surprisingly anti-protectionist article from the New York Times regarding the cost of the yuan against the America dollar. Its basic premise: a rising yuan won't necessarily help the American economy, and, in some cases, like the housing and construction industry, will hurt it. At its heart, as well, is that the manufacturing industry is dying because other countries, namely developing ones, whether by hook or by crook, simply can make the same product more cheaply.

It's time for the manufacturing industry, and its employees, to realize we're in a changed economy. They just need to adapt to it and not hold onto what's already lost.