Quote:
Originally Posted by tophcfa
I don’t blame businesses for wanting to maximize profits, just like I don’t blame consumers for wanting the best value for the products they purchase. Both parties have the same financial/economic incentive. The real issue at hand is why can businesses sell stuff cheaper and/or maximize profits by moving out of the country. That is the real issue at hand. What’s the answer? Probably a combination of cheaper labor (caused by Labor Unions, wage and working condition laws, peoples willingness to work for cheap with no government subsidies for low wage earners), regulations imposed on business (environmental, safety, DEI, etc…), and taxes on businesses. If the playing field on these important business factors is leveled out between the USA and other countries, businesses wouldn’t need to go abroad. In fact, it would probably be more profitable to stay at home and avoid shipping expenses, and less shipping would reduce their carbon footprint.
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We're trading paper money, for real "stuff". T Shirts, consumer electronics, junk from Temu, plastic shoes, paper plates. All those cheap workers in China are turning out mostly cheap, throwaway, consumer goods.
In the meantime, we're selling the world; airplanes, technology, financial instruments/technology, ships and industrial machinery.
Call me crazy, but that sounds like a decent deal. Do we want our workers, turning out T Shirts & sandals? They're supplying all our "junk".
In the meantime, we're protecting the environment of the entire globe (that no one else really cares about), making it impossible for us to manufacture the junk China can produce.