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The pump department of the company I worked for shifted production to China many years ago ...they were so uncompetitive against the competitors that were making their pumps off shore that they were going to close ....
Sure ,that way. American manufacturers will just raise their prices to match ...it doesn’t work..at the end of the day it is is the consumers that get overcharged ....we just pay more for things we shouldn’t
The fact something can be made overseas more competitively is not a bad thing
Um that would depend how you look at it. Obviously it's bad for American workers. And not so great for the Chinese workers making five cents a day either.
But on the other hand, American factory workers got screwed by unions, you might say. The unions made them too expensive and therefore made them obsolete. Even non-union workers benefited (for a while) from the unions. And then no surprise it all backfired.
Should free markets take their natural course, even if it makes things bad for some groups temporarily? Or should governments and unions rush in with good intentions and inadvertently screw things up?
Either way, I think we really should at least acknowledge that outsourcing causes a lot of pain to some.
The employees at the factories we used in China don’t make 5 cents ..they not only get paid nicely by Chinese standards but the factory provides their housing , and transportation.
There is a lot more to their employment packages then we are led to believe here
People should be sustained by stimulus until a vaccine or cure is produced in mass quantities. They expect one to be introduced by the end of the year.
Float people until Jan 31st
Completely open now and we will have our hospitals jam packed with not enough medical care to go around. Funeral homes so full they have no where to place the deceased.
Sure ,that way. American manufacturers will just raise their prices to match ...it doesn’t work..at the end of the day it is is the consumers that get overcharged ....we just pay more for things we shouldn’t
You said they were uncomptetitive meaning higher prices than cheaper competition. Higher tariffs will level it so that American produced prices are now competitive because imports are now more expensive as these companies will pass the tariff to consumers via price increase. There is no sense in "American manufacturers will just raise their prices to match".
You said they were uncomptetitive meaning higher prices than cheaper competition. Higher tariffs will level it so that American produced prices are now competitive because imports are now more expensive as these companies will pass the tariff to consumers via price increase. There is no sense in "American manufacturers will just raise their prices to match".
given the opportunity if foreign competition was higher , manufacturers here would raise their prices just enough to stay competitive ...the consumer gets shafted in the end .
given the opportunity if foreign competition was higher , manufacturers here would raise their prices just enough to stay competitive ...the consumer gets shafted in the end .
prices would float upward where they could ...
You confuse yourself my friend.
You said "uncompetitive", meaning Americans manufacturers lose to cheaper foreign. With tariffs, what it does is make foreign level with Americans. Why would Americans manufacturers bring back their woes by raising their prices against competition again. No sense.
Sorry, no bloodbath to start the day as Trump is now signaling that he has changed his mind about stimulus talks and is now for continuing them. Sometimes this administration demonstrates all the stability of a bag of squirrels.
Sorry, no bloodbath to start the day as Trump is now signaling that he has changed his mind about stimulus talks and is now for continuing them. Sometimes this administration demonstrates all the stability of a bag of squirrels.
I’m more cynical someone could also be making a killing in the markets, quick short sells, what drugs are being pushed, who is building the wall, etc. Follow the money.
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