Joined
·
2,367 Posts
It is sad that we are giving our jobs to other countries. The wage imbalance is a temporary (10 year or less) cost advantage. Japan used to be cheap. Then Korea was the cheap place with a skilled work force. Now it's China. But China is under intense internal pressure to increase wages and build their middle class. There have been strikes and factories have been shut down. When wage increases and other costs take affect that China does not incur now (think pollution control and hazardous waste disposal), the prices will be higher, but we will be out of work because we are not putting shovels into the ground. We are not welding frames or manufacturing components. We are reducing ourselves to middlemen.
This country used to be the manufacturing power house of the world. We are still "in the game", but we need to expand our manufacturing, especially today. Mixing labor with resources creates real wealth.
This country used to be the manufacturing power house of the world. We are still "in the game", but we need to expand our manufacturing, especially today. Mixing labor with resources creates real wealth.