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VERY IMPORTANT if true

Discussion in 'Political Debate & Discussion' started by billwald, Apr 28, 2011.

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  1. billwald

    billwald New Member

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    From http://heraldnet.com/article/20110428/OPINION04/704289853/-1/opinion

    Froma Harrop

    "I hear that many Chinese exporters are rejecting orders from Walmart and other Western retailers," said Dong Tao, an economist for Credit Suisse in Hong Kong. "I've been covering the Chinese economy for a long time, and I've never heard that before."

    "Seems that inflation and Beijing's efforts to raise the country's pitifully low wages are making Chinese goods too expensive for the likes of Walmart. The giant discount chain is now seeking lower-cost suppliers where workers toil for even less."

    If true, an important milestone on OUR international race to the bottom of the food chain. Looks like the world will run out of cheap labor before running out of oil. What happens then?

    Our standard of living will rise again? Fat chance of that! Not as a scab nation. We are competing for the bottom, not the top.
     
    #1 billwald, Apr 28, 2011
  2. billwald

    billwald New Member

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    http://heraldnet.com/article/20110428/NEWS02/704289911/-1/News

    Associated Press

    >BEIJING — China's population is aging rapidly and half the people now live in cities, the government said Thursday.

    IF SO, this will push up the cost of labor in China. What happens when bottom line manufacturing + shipping costs in China are about the same as costs in the US? If everything else (standard of living) becomes close to being equal, will not manufacturing contracts still go to the lowest net bidder?
     
    #2 billwald, Apr 28, 2011
  3. Crabtownboy

    Crabtownboy Well-Known Member
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    Manufacturers will move to a less costly labor area.
     
    #3 Crabtownboy, Apr 28, 2011
  4. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
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    One night in Bangkok!:thumbs:
     
    #4 Earth Wind and Fire, Apr 28, 2011
  5. billwald

    billwald New Member

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    Yes, unless we impose import duties so that manufacturing in the US is the least costly labor area.
     
    #5 billwald, Apr 28, 2011
  6. FR7 Baptist

    FR7 Baptist Active Member

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    We need to protect American jobs by penalizing companies that move jobs overseas, expelling illegal immigrants, offering government incentives to create jobs here, and by instituting social democracy.
     
    #6 FR7 Baptist, Apr 28, 2011
  7. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
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    & Economists have been asking for just this out of Obama for how long now? Its your Govt that refuses to do it. Wonder why?:tonofbricks:
     
    #7 Earth Wind and Fire, Apr 28, 2011
  8. billwald

    billwald New Member

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    Why? Because they have all sold out to the people who own us.

    Anyone think "Sixteen Tons" was not descriptive in the real world? The "company store" is so high up the food chain that it is invisible to us.
     
    #8 billwald, Apr 28, 2011
  9. Alcott

    Alcott Well-Known Member
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    VERY IMPORTANT if true

    I can think of whole lot of things that are important if true. But most of them ain't.
     
    #9 Alcott, Apr 28, 2011
  10. Earth Wind and Fire

    Earth Wind and Fire Well-Known Member
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    YEA, Yes! Correctamundo!

    "And the truth shall set you FREE"
     
    #10 Earth Wind and Fire, Apr 28, 2011
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