Quote:
Originally Posted by BarryRX
Still not sure.....I picked Walmart as an example because of the high % of foreign manufactured goods they sell and to buy "made in USA" people would presumably have to shop elsewhere thereby taking revenue away from Walmart. But even if Walmart was selling the identical products side by side....one made in the USA and one made elsewhere, and selling them for the same price, then you are right, Walmart would be revenue neutral if walmarts cost to purchase the items was equal. However, if we assume that the foreign product made with cheap labor cost walmart less, than a)walmart probably wouldn't sell the more expensive cost item and b)if walmart had the same cost for both items then the one made with cheap labor would generate more profit for the manufacturer who could then further lower his price to drive his American competitor out of business. Actually, I believe the scenario I just described is what has happened in the world. I know I've made a bunch of assumptions, but it's interesting to talk about.
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I agree. Basically no giant retailer wants to spend more and make less.
Unfortunately with the cheap labor AND cheap workmanship (on most products) made overseas this will not change in the near future. And most Americans would not be willing to pay more for the same product just because it was made in the USA.
The Chinese even wanted to name a town "USA" so it could label their goods... made in USA !!!