Wouldn't claim otherwise.
As stated, I was originally referring to the administration's talking points. I don't presume to understand it, rarely think about it, and have no intentions of learning.
My focus is what the market is currently doing. I don't need to understand trade deficits for my trading/investing methods, which is mainly based on volume (indicator of what the big players are doing), and technicals. The markets are frequently detached from fundamentals and the research doesn't suit my personality. I'll let the big firms do the research and I'll do my best to follow their lead.
Regarding labor costs in ALL developed countries, it depends on the country and the type of labor. In Singapore, the median income is US$4,074/month or US$48,888/year for their citizens. However, their migrant laborers' median income is US$1,820, with a huge percentage making as low as US$600 a month. The migrant laborers building their infrastructure, repairing ships, and acting as nannies typically make around US$20 a day.