Quote:
Originally posted by blackmonsters
No. Countries like Japan will have to cut their prices to fit the US dollars or be stuck with billions of dollars of undeliverable goods.
Our dollar may get weak but Mexico is still not going to be able to buy these goods and replace us in trade with Japan.
Outsourcing thrives on the US dollar...we pay them $3 which equals $5 of their money; but when the $3 is only worth $2 of their money the workers quit and take local jobs that pay the equivalent of $2.95. Add in the extra cost of overseas biz like shipping and raising the outsourced pay becomes not worth it so the job comes back home.
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what jobs are coming back home? the US dollar has been dropping for over a year. the huge US deficit is causing the dollar to weaken...capital is fluid, it will be sent where the best return is..and right now its being sent out of the US..