Quote:
Originally Posted by Ptmcbriz
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.
|
With a slight of hand, businesses figured out how to put a large portion of the debit side of their ledgers on the backs of US citizens and then convinced us we were getting a great deal with cheaper foreign products. Few noticed how the jobless affected our budgets at home with the jobs shipped overseas. As we pay out of our pockets for all the programs that support the loss of employment, subsidized housing/rent, Medicaid, food stamps, health insurance and all the social programs for the jobless not to mention the lack of dignity and loss of self esteem for those affected. We also lost the very important ability to care for ourselves in the event of world disagreements or worse. Yeah, we sure came out ahead, ahem.