Quote:
Originally Posted by wig
The price of goods bought isn?t disconnected from wages. Essentially, Americans make too much money to sustain their current standard of living making these items. To bring those jobs back into the US you would need to either pay wages equivalent of what they do in other developing countries or suffer a general decrease in the US standard of living as prices increased to pay for higher wages.
The US is moving away from these industries because they do not produce enough wealth to keep up with US GDP. To get GDP per capita close to that of the US -- China for example -- would also have to transition its economy away from these industries.
Also, The U.S. still produces and exports a lot of goods. In 2009, for example, the U.S. exported a total of $1.057 trillion worth of goods. 6.6% of that dollar total was to China, which puts it third on the list of countries buying American goods. Canada was #1 with 19.4% of the total; Mexico was second at 12.2%.
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I have to agree with Vend, omg the world is going to end now. lol Back in the day the avg ceo made 30 to 40x what the avg worker made, now they make 500x. To pay themselves that much money it has to come from somewhere.
I was watching a show on frontline about Walmart. Walmart used to make 20 percent on products made in the usa. With them pushing their vendors to produce in china they now make 60 to 80 percent profit. Mac used to be made in America and now made in china they havent become cheaper.A iphone costs $600 to buy without a contract, the workers that build them make 30 cents an hour. That's how their net income jumped 70 percent to 14 billion.
The corps make the big contributions.So its never never going to change.It started with Reagan and its gotten worse and worse. Wages have been flat for yrs and if it wasn't for cheap credit the middle class would realize how bad they have been truly getting fucked in the ass.
Both sides keep feeding the little people the bullshit so they think they are on their side and they are not. Probably the only guy on the peoples side is Bernie Sanders the rest are full of shit.