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Chinese billionaires have a different philosophy than American billionaires. In China, when everyone works and the economy is shared it leads to greater economic prosperity. That's how China has been growing while everywhere else the economy shrinks including the US. (Don't let the economists fool you, US economy has been shrinking because all of our GDP growth is through cheap money)
In America, we have a predatory capitalism system in place. Businesses are always looking to shrink or cut staff down once their utility is done. Which leads to the elites having more & more money while the middle class keeps losing purchasing power with stagnant wage growth.
We need to make this a sharing economy again instead of this zero sums game.
I won't disagree with you.
But China right now is in a whole other and earlier phase of general economic development than the USA. Much like the USA post-WW2. And as such China will be more naturally expanding its broad middle class. Its own policies have successfully pushed that agenda, while in fact some of that success obviously comes from the backs of former USA rust belt industrial blue collar workers. Our main economic dilemma today.
As China turns its economy more toward the individuals as consumers, in the next generation or so they will well experience similar problems. China expands because of cheap (maybe even free) money too!
This is the strategy to gain back manufacturing jobs. You can't get back the jobs that already left but we can get more foreign investment. Toyota alone has created 20k direct jobs and 100k supplier jobs in Kentucky. GM, Ford, and Chrysler could make their cars here but their CEOs are unpatriotic scumbags.
Yep give up millions of jobs and get back thousands at half pay. Your bosses is a foreigner. Winning.
Being employed at half the previous wages, is better than not being employed at all.
Factory jobs paying decent wages is a thing of the past, for the most part. A lot of people won't work for that pay unless they are very young or at a career or life transition and need money while they figure out their next step.
Repitition is pretty boring, mind numbing. I would have to be paid pretty damn well to work on a assembly line.
It can be deafeningly loud, on your feet all day, constantly lifting steel non-stop like a robot, creating great wealth. Yeah $10/hr sounds generous . You could make the argument who wants that type of work anyway. But globalism and mass immigration are taking everything else.
First of all, we are all free people. We don't depend on others to provide us, and nobody owes us anything. So the fact that they were made jobless by the globalists is not an argument.
Secondly, it is not the globalists' fault. No sane consumers want to pay higher price for a product just because it's "made in XYZ." It's us, the consumers' fault to want ever lower price, which forces the companies to seek for lower costs.
That's just your biased unsubstantiated opinion, not back up by reality.
I want the government to stop instituting globalism and I'll accept the results.
It's impossible unless you have a time capsule that can take you back several decades. You would have to get rid of the internet, and your smart phone and possibly get rid of your computer if you go back far enough in your time capsule.
It's impossible unless you have a time capsule that can take you back several decades. You would have to get rid of the internet, and your smart phone and possibly get rid of your computer if you go back far enough in your time capsule.
Pure nonsense. Scientific advancement does not depend on outsourcing and mass immigration. Immigration and trade policies are entirely government controlled via their paymasters in the background. Read up on Bretton Woods in 1948.
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. You could make the argument who wants that type of work anyway. But globalism and mass immigration are taking everything else.
