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Meanwhile at wal-mart everyone is flocking to buy the cheapest products. For those products to be cheap you have to have cheap input costs and that usually involves going to a 3rd world country to get cheap labor. What goes around comes around.
This documentary explains it nicely. Basically, most of the 3rd world countries have realized that capitalism is the way to get their economy growing. Its a death sentence for the United States since we have the highest trade deficit in the world. Not going to last forever and it ends when most of our wealth has been transferred out of the country.
Wait I thought we were supposed to fear India in 2000 when global IT outsourcing was taking off, but today the big bad demon is China. Did they switch 'em around again?
China is for manufacturing. India is for service related stuff like accounting, finance, IT stuff, engineering etc. The reason we go to India is because they speak English, have a high level of education, and lower wages.
out of curiosity, would YOU be willing to let YOUR wages plummet in the manner you described? and personally I feel the bolded part of your statement is the only hope America has.
US wages aren't plummeting..the jobs are leaving.
The types of jobs being created these days though are low paying service while the high paying white collar gets offshored.
out of curiosity, would YOU be willing to let YOUR wages plummet in the manner you described? and personally I feel the bolded part of your statement is the only hope America has.
It isn't a matter of choice. I cannot dictate my labor rates. None of us can. If the government tries to maintain wages, jobs will continue to get sucked out of the country. Have you noticed what has been happening for the past 3 years? Even longer in other lines of work.
And close of the country? Well, we tried the tariff route during the great depression. It lead to an even more severe great depression. Are we destine to repeat our mistakes?
Even if my wages drop, and so does everyone elses, at least job prospects will improve. With that, we can hopefully see more stability, investment, development of infrastructure and lower prices to match those wages. The only ones who will be hurt by this are those who carry large amounts of debt. Not my fault people felt they were worth half a million dollar homes. Those people will get knocked down a peg, and the young people who can't even get a start on their careers will at least have a chance to accomplish something for a change. For the parents... You feel like supporting your adult children till the day you die? Then what?
Quote:
Originally Posted by HappyTexan
US wages aren't plummeting..the jobs are leaving.
The types of jobs being created these days though are low paying service while the high paying white collar gets offshored.
Actually, average wages have been going down. There is no reason for them to go up when the economy is in such bad shape, and there is nothing there to support wage levels even where they are now. People just don't have the money to spend.
China is for manufacturing. India is for service related stuff like accounting, finance, IT stuff, engineering etc. The reason we go to India is because they speak English, have a high level of education, and lower wages.
Actually, China has lost a lot of ground in manufacturing, and they are showing strong signs of entering this recession. Many unemployed Chinese are resorting to returning to the rural parts of the country, because wages went up too fast, while quality and production numbers did not keep pace. A lot of the work has been shifted to even lower wage countries. Malaysia, Vietnam, ugh... There are so many of them. Some corporations are now looking into setting up shop in parts of Africa. It's just getting pathetic at this point. Problem with Africa is... Those people don't need to work for a bowl of rice because they still know how to live off the land, and don't seem to have material wants. They really don't identify with the whole American culture of being a slave to your items. They don't see the point of sitting in one place for 12 hours a day doing repetitive work when it doesn't afford them anything they want or need.
Actually, China has lost a lot of ground in manufacturing, and they are showing strong signs of entering this recession. Many unemployed Chinese are resorting to returning to the rural parts of the country, because wages went up too fast, while quality and production numbers did not keep pace. A lot of the work has been shifted to even lower wage countries. Malaysia, Vietnam, ugh... There are so many of them. Some corporations are now looking into setting up shop in parts of Africa. It's just getting pathetic at this point. Problem with Africa is... Those people don't need to work for a bowl of rice because they still know how to live off the land, and don't seem to have material wants. They really don't identify with the whole American culture of being a slave to your items. They don't see the point of sitting in one place for 12 hours a day doing repetitive work when it doesn't afford them anything they want or need.
Yup, that's globalization for ya! Its all good for those poor people who get jobs. We just need to figure out stuff to sell them (thats made in america)!
If only consumers stopped purchasing foreign goods. Nobody has to buy a $30 shoes that were made in China when you can buy a perfectly good pair of shoes made in the USA for as little as $100.
So if I don't have the other 70 bucks I should go barefoot?
Outsourcing hit its high point during the Bush Administration and is not a result of our current economic problems. If we are buying less then it makes sense for them to be cutting back on employees. But thanks to 10 years of outsourcing, they are buying more because they now have the savings to do so. Look at the video more closely. All the product being manufactured are not for US markets. First look at the Carrier boxes. No part of a HVAC system comes in such a small box. These units (heat pumps) are used on the side of apartment buildings. Carrier is trying to compete in their market and at prices they can afford. Look closely at the coke bottles. They are glass, have no bar codes and say 330ml. Definitely not for the US market.
We are not losing jobs to those markets, we already lost them years ago and they are not coming back.
As to the video. Look who made it - RT America. A company headquartered in Russia. So you know who's view its going to be in. Dont you?
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