Quote:
Originally Posted by opinionist
We need manufacturing for a trade balance. That does not mean we need to manufacture socks. We only need to make stuff that other countries would want to buy. Services can be part of the balance, but we need manufacturing for national security interests.
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So you think Americans are fine with paying $45 for a doll vs $19, because labor costs are so high in the US? If US manufacturers moved back they would go bankrupt because Americans would scale back. They can’t afford the higher prices. Plus the US manufacturers in the US would no longer be able to compete globally because the doll costs too much. They have to stay in China to compete globally. They can still sell their $19 dolls to 100+ countries. They can’t with a $45 doll.