Julia
Well-known member
Well, here's the big rub. You've had falling real wages in the US for the past 10 years. High paying IT jobs got outsourced to India, or insourced with imported legal labor from India. There were a lot of other high paying jobs that depended upon them. This started in 1998. Then companies started moving operations to China where the labor is real cheap. This in turn took more high paying manufacturing jobs. And here we were worried about NAFTA? Mexico and Canada have expensive labor in comparison.
So if you're in business you need to sell products. If people can't afford to buy your products you don't sell any. Even our Boeing aircraft is only assembled in the United States. Heck the Tacoma Narrows bridge was made in Korea and assembled here.
And now it seems industry in many nations have moved manufacturing into China. It's kind of a dumping ground too. See they have no environmental regulations so all the toxins get dumped there. It'll even out ... eventually.
So if you're in business you need to sell products. If people can't afford to buy your products you don't sell any. Even our Boeing aircraft is only assembled in the United States. Heck the Tacoma Narrows bridge was made in Korea and assembled here.
And now it seems industry in many nations have moved manufacturing into China. It's kind of a dumping ground too. See they have no environmental regulations so all the toxins get dumped there. It'll even out ... eventually.