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Cheap oil is helping China big time and now they abandoned one child policy so wages will remain at least flat in China over the next decade.
With devaluation on the horizon(i'm expecting at least 30%) manufacturing will be hit big time.
We'll have very very small manufacturing unfortunately.
There is no option but to cancel trade deals.
This is the only thing we got.
Cheap oil is also helping India too as they are overtaking China in growth rate.
Cheap oil is a double edge sword for America as a big boast in manufacturing and exports was due to the O&G sector. Conversely the downstream aspects of O&G could be poised for big growth after the tens of billions of infrastructure is complete along the gulf coast to crank out products derived for O&G and their feedstocks.
We are still number 2 in the world in exports and that doesn't seem to be waning anytime soon. Trade deals also helps us too so why are you so ready to just cancel everything? Seems shortsighted or perhaps the pinto bean economy is what you wish for?
You don't understand the concept of globalism and its goals.
The bigger picture is a global workforce all making the same money everywhere in the world.
Third world country salaries are increasing while first world salaries are decreasing.
Eventually they will norm.
Then I support all legal means to fight back against these globalists that have infiltrated our government.
Smear their name in the media, make up lies about them, spread any dirt on the internet about them.
They declared war against American Citizens 30 years ago and look where we are now.
China’s Great Uprooting: Moving 250 Million Into Cities
Quote:
Across China, bulldozers are leveling villages that date to long-ago dynasties. Towers now sprout skyward from dusty plains and verdant hillsides. New urban schools and hospitals offer modern services, but often at the expense of the torn-down temples and open-air theaters of the countryside.
“It’s a new world for us in the city,” said Tian Wei, 43, a former wheat farmer in the northern province of Hebei, who now works as a night watchman at a factory. “All my life I’ve worked with my hands in the fields; do I have the educational level to keep up with the city people?”
In China, workers have no rights, they work 12 hours a day 7 days a week with no overtime or benefits at about a dollar an hour
This is what the plastic puppet politicians and their corporate masters want in this country.
We could cut taxes to 0 or even pay corporations and they would still make more money in China than here.
Manufacturing was making a small comeback in the US for the past few years.
A big part of that was due to increasing costs in China (wages) as well as increased shipping/transportation costs (due to oil).
Now with oil costs dropping sharply and Chinese wage increases likely becoming a thing of the past, US manufacturing is going to pressured once again
Not to mention rumors of China planning to devalue the Yuan to make their exports more competitive...
I have heard from supporters of Trade with China how their wages are increasing and corporations have even moved to cheaper locations.
The most recent calculation for China for the average worker still comes out to a dollar an hour
So what were they making before, 10 cents an hour? Wow, what an increase a whole freaking dollar an hour
According to CNN’s online global wage calculator, which uses data from the International Labor Organization, the average annual salary of a worker in China’s private sector was 28,752 yuan (about $4,755) in 2012, or 38% of the global average
According to CNN’s online global wage calculator, which uses data from the International Labor Organization, the average annual salary of a worker in China’s private sector was 28,752 yuan (about $4,755) in 2012, or 38% of the global average
Yep, like India, Vietnam, Bangladesh, Cambodia, etc.
Can people really afford to buy clothes manufactured in Paris or Italy? At the very least they wouldn't be consuming as much. Even clothes or products manufactured in India create white collar jobs in Western countries.
The "buy all american" sounds good in theory but money does not grow in trees. Demand will decrease for sure if prices go up, the average American doesn't have a lot of disposable income.
You look at closets these days and you see people that have 12 pairs of jeans, and even more shirts. This type of consumerism is new and unnecessary. If people didn't buy 12 pairs of jeans, they would be able to afford good quality ones made in the U.S. and Europe.
They have stolen rural Chinese lands and bull dozed it over and then sent them to the cities to make widgets
People in America would have a problem if our government did this here, but over there, if there are profits to be made, it is fine and dandy.
Many do argue to do that here.
Quote:
In China, workers have no rights, they work 12 hours a day 7 days a week with no overtime or benefits at about a dollar an hour
Again a stereotype. And yes I have personal knowledge and experience. Part of the reason for the slow down in China is because it is now a small world. They will not do the work for the money being offered. They just pack up and go home to the country. (hence your link above)
They know how much we make. They know who is able to buy the things they make. In the end they are no different than us.
Then I support all legal means to fight back against these globalists that have infiltrated our government. Smear their name in the media, make up lies about them, spread any dirt on the internet about them.
They declared war against American Citizens 30 years ago and look where we are now.
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