Imports, not just exports, benefit Minnesota's economy

  • Article by: Thomas Lee , Star Tribune
  • Updated: July 5, 2013 - 11:23 PM

Foreign goods and cash help support 750,000 jobs in the state, according to a report by the Business Roundtable.

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hjlazniJul. 6, 1310:41 AM

"In addition, products made in lower-cost countries save the average Minnesotan family of four more than $10,000 a year, the group said." If so, the writer needs to demonstrate with a delineation of exactly how this total is calculated. Economic growth is about profit staying here, not made and banked in other countries. Business writers are supposed to understand the basics of real economic growth in our own country. If we use our own resources and convert them into products here and sell them here and outside the US and make a profit the US can print more real dollars to place into our economy and improve the US standard of living if the economic growth rate is large enough to meet and surpass increased population here. If the profit from a product is most realized outside the country we have no economic growth and fewer jobs for our own people.

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