Quote:
Originally Posted by noodle
Yeah, I agree, it's like a love hate relationship. But what I'm saying, is that it'd have to reach a point of almost poverty for the US to start producing things like the Chinese do. Labour would cost far too much if the US wanted to produce things. As for Raw materials, I must admit. I don't, didn't know that China got them from the US, all I knew, was that the US injects a percentage of money into the Chinese economy through the products they buy. But without the US, China still has lots of other countries. Take the UK for example. There was a program on recently where they showed what a household would look like without chinese products. The average family would be left with NOTHING. I knew that a lot of things were "Made in China", but I was seriously shocked to see that an average folk, middle class, had absolutely nothing. It's pretty much the same in most European countries, and pretty much any country that isn't a third world country (Talking about consumer goods, not army related etc).
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Yeah it's scary. Conservatives are railing against that right now. I don't think it will get to povertyy level to change. There is a whole worker-immigrant-caste in the states that would manufacture rather than garden and clean. I know how bad that sounds, but the world isn't always pretty.
Also, lately I see more things made in other countries. When The standard of living rises in China and they demand more pay at our factories the companies will move the manufacturing to more viable locations. Maritaunia, mexico, sout asia. If central and south Africa get thier act together politically and make it safe for business venture that would be a super cheap place to build factories.
I'm nervous as well, but there may be options in the future and I must stay positive.