GeorgeBorkFan
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RE: $85 billion of $3.8 trillion
(03-15-2013 03:11 PM)NIU007 Wrote: Are companies moving their factories from here to Germany?
I don't know if they are moving or we just aren't building new ones. But, we are never going to compete with China on cost, so we should look at competing with countries with similar standards of living. Germany doesn't compete with China either, but has a healthy manufacturing industry.
Our economy will never be able to survive if we seek to manufacture tennis shoes here.
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03-15-2013 03:34 PM |
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RobertN
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RE: $85 billion of $3.8 trillion
(03-15-2013 03:34 PM)GeorgeBorkFan Wrote: (03-15-2013 03:11 PM)NIU007 Wrote: Are companies moving their factories from here to Germany?
I don't know if they are moving or we just aren't building new ones. But, we are never going to compete with China on cost, so we should look at competing with countries with similar standards of living. Germany doesn't compete with China either, but has a healthy manufacturing industry.
Our economy will never be able to survive if we seek to manufacture tennis shoes here.
Sure lets just let whole sectors of the ecomnomy go because we can't compete and try new sectors. We already tried this and that is what got us to where we are today. First it was manufacturing to China then it was office/service jobs to India. Eventually some other country will beat us on whatever sector comes next and we outsource those jobs overseas. Where does it stop? Eventually, you don't create enough jobs for your citizens. I suppose by doing so, wages will drop because workers will take any job at any wage which might bring shoe manufacturing back to this country.
(This post was last modified: 03-19-2013 10:13 AM by RobertN.)
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03-19-2013 10:12 AM |
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GeorgeBorkFan
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RE: $85 billion of $3.8 trillion
(03-19-2013 10:12 AM)RobertN Wrote: (03-15-2013 03:34 PM)GeorgeBorkFan Wrote: (03-15-2013 03:11 PM)NIU007 Wrote: Are companies moving their factories from here to Germany?
I don't know if they are moving or we just aren't building new ones. But, we are never going to compete with China on cost, so we should look at competing with countries with similar standards of living. Germany doesn't compete with China either, but has a healthy manufacturing industry.
Our economy will never be able to survive if we seek to manufacture tennis shoes here.
Sure lets just let whole sectors of the ecomnomy go because we can't compete and try new sectors. We already tried this and that is what got us to where we are today. First it was manufacturing to China then it was office/service jobs to India. Eventually some other country will beat us on whatever sector comes next and we outsource those jobs overseas. Where does it stop? Eventually, you don't create enough jobs for your citizens. I suppose by doing so, wages will drop because workers will take any job at any wage which might bring shoe manufacturing back to this country.
Right. Change and adjust.
Not dump all manufacturing. Try reading the above again. Compete where we best can. Tennis shoes and baubles is not where it makes sense.
Are you willing to pay for tennis shoes put together by somebody making $30 plus benefits?
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03-19-2013 10:43 AM |
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NIU007
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RE: $85 billion of $3.8 trillion
(03-19-2013 10:43 AM)GeorgeBorkFan Wrote: (03-19-2013 10:12 AM)RobertN Wrote: (03-15-2013 03:34 PM)GeorgeBorkFan Wrote: (03-15-2013 03:11 PM)NIU007 Wrote: Are companies moving their factories from here to Germany?
I don't know if they are moving or we just aren't building new ones. But, we are never going to compete with China on cost, so we should look at competing with countries with similar standards of living. Germany doesn't compete with China either, but has a healthy manufacturing industry.
Our economy will never be able to survive if we seek to manufacture tennis shoes here.
Sure lets just let whole sectors of the ecomnomy go because we can't compete and try new sectors. We already tried this and that is what got us to where we are today. First it was manufacturing to China then it was office/service jobs to India. Eventually some other country will beat us on whatever sector comes next and we outsource those jobs overseas. Where does it stop? Eventually, you don't create enough jobs for your citizens. I suppose by doing so, wages will drop because workers will take any job at any wage which might bring shoe manufacturing back to this country.
Right. Change and adjust.
Not dump all manufacturing. Try reading the above again. Compete where we best can. Tennis shoes and baubles is not where it makes sense.
Are you willing to pay for tennis shoes put together by somebody making $30 plus benefits?
I don't know, I bought running shoes once that must have been made by Warren Buffett. :-)
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03-19-2013 11:06 AM |
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RobertN
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RE: $85 billion of $3.8 trillion
(03-19-2013 10:43 AM)GeorgeBorkFan Wrote: (03-19-2013 10:12 AM)RobertN Wrote: (03-15-2013 03:34 PM)GeorgeBorkFan Wrote: (03-15-2013 03:11 PM)NIU007 Wrote: Are companies moving their factories from here to Germany?
I don't know if they are moving or we just aren't building new ones. But, we are never going to compete with China on cost, so we should look at competing with countries with similar standards of living. Germany doesn't compete with China either, but has a healthy manufacturing industry.
Our economy will never be able to survive if we seek to manufacture tennis shoes here.
Sure lets just let whole sectors of the ecomnomy go because we can't compete and try new sectors. We already tried this and that is what got us to where we are today. First it was manufacturing to China then it was office/service jobs to India. Eventually some other country will beat us on whatever sector comes next and we outsource those jobs overseas. Where does it stop? Eventually, you don't create enough jobs for your citizens. I suppose by doing so, wages will drop because workers will take any job at any wage which might bring shoe manufacturing back to this country.
Right. Change and adjust.
Not dump all manufacturing. Try reading the above again. Compete where we best can. Tennis shoes and baubles is not where it makes sense.
Are you willing to pay for tennis shoes put together by somebody making $30 plus benefits?
You certainly don't understand. We could go to the "new" manufacturing opportunities but when those jobs move overseas, what do we do? Find another nitche economic area that we lose in a few years? We need all types of sectors=from making socks and shoes to the most sophisticated manufacturing and service/office jobs. What we are doing is moving to sectors where there are fewer and fewer jobs overall-and people wonder why unemployment is so high.
Here is a tip: Nobody making shoes here would be making $30/ hour+ benefits. THe jobs would probably pay $10/ hour or less(if it goes to a southern state like Texas, the wage would likely be the national min. wage($7.25). New Balance makes some/all of their shoes here. THey don't seem to be significantly higher priced(if at all) than a Nike made in Vietnam.
(This post was last modified: 03-19-2013 12:41 PM by RobertN.)
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03-19-2013 12:30 PM |
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GeorgeBorkFan
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RE: $85 billion of $3.8 trillion
(03-19-2013 12:30 PM)RobertN Wrote: Here is a tip: Nobody making shoes here would be making $30/ hour+ benefits. THe jobs would probably pay $10/ hour or less(if it goes to a southern state like Texas, the wage would likely be the national min. wage($7.25). New Balance makes some/all of their shoes here. THey don't seem to be significantly higher priced(if at all) than a Nike made in Vietnam.
So, then, why aren't they making their shoes here? Enlighten me. If they could pay minimum wage, why did they leave?
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03-19-2013 12:45 PM |
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PeoriaHuskie11
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RE: $85 billion of $3.8 trillion
(03-19-2013 12:45 PM)GeorgeBorkFan Wrote: (03-19-2013 12:30 PM)RobertN Wrote: Here is a tip: Nobody making shoes here would be making $30/ hour+ benefits. THe jobs would probably pay $10/ hour or less(if it goes to a southern state like Texas, the wage would likely be the national min. wage($7.25). New Balance makes some/all of their shoes here. THey don't seem to be significantly higher priced(if at all) than a Nike made in Vietnam.
So, then, why aren't they making their shoes here? Enlighten me. If they could pay minimum wage, why did they leave?
They sell a larger quantity in Asia than here. Saves them in shipping costs.
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03-19-2013 12:50 PM |
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GeorgeBorkFan
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RE: $85 billion of $3.8 trillion
(03-19-2013 12:50 PM)PeoriaHuskie11 Wrote: (03-19-2013 12:45 PM)GeorgeBorkFan Wrote: (03-19-2013 12:30 PM)RobertN Wrote: Here is a tip: Nobody making shoes here would be making $30/ hour+ benefits. THe jobs would probably pay $10/ hour or less(if it goes to a southern state like Texas, the wage would likely be the national min. wage($7.25). New Balance makes some/all of their shoes here. THey don't seem to be significantly higher priced(if at all) than a Nike made in Vietnam.
So, then, why aren't they making their shoes here? Enlighten me. If they could pay minimum wage, why did they leave?
They sell a larger quantity in Asia than here. Saves them in shipping costs.
So, if that is the case, they won't be back here no matter what, rendering Robert's point immaterial.
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03-19-2013 01:04 PM |
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BobL
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RE: $85 billion of $3.8 trillion
(This post was last modified: 03-19-2013 01:47 PM by BobL.)
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03-19-2013 01:47 PM |
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RobertN
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RE: $85 billion of $3.8 trillion
(03-19-2013 01:04 PM)GeorgeBorkFan Wrote: (03-19-2013 12:50 PM)PeoriaHuskie11 Wrote: (03-19-2013 12:45 PM)GeorgeBorkFan Wrote: (03-19-2013 12:30 PM)RobertN Wrote: Here is a tip: Nobody making shoes here would be making $30/ hour+ benefits. THe jobs would probably pay $10/ hour or less(if it goes to a southern state like Texas, the wage would likely be the national min. wage($7.25). New Balance makes some/all of their shoes here. THey don't seem to be significantly higher priced(if at all) than a Nike made in Vietnam.
So, then, why aren't they making their shoes here? Enlighten me. If they could pay minimum wage, why did they leave?
They sell a larger quantity in Asia than here. Saves them in shipping costs.
So, if that is the case, they won't be back here no matter what, rendering Robert's point immaterial.
No. If shipping costs rise considerably and costs to make them here are the same or less, then they will build a factory here to make them and sell them here.
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03-19-2013 01:49 PM |
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BobL
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RE: $85 billion of $3.8 trillion
(03-19-2013 01:49 PM)RobertN Wrote: (03-19-2013 01:04 PM)GeorgeBorkFan Wrote: (03-19-2013 12:50 PM)PeoriaHuskie11 Wrote: (03-19-2013 12:45 PM)GeorgeBorkFan Wrote: (03-19-2013 12:30 PM)RobertN Wrote: Here is a tip: Nobody making shoes here would be making $30/ hour+ benefits. THe jobs would probably pay $10/ hour or less(if it goes to a southern state like Texas, the wage would likely be the national min. wage($7.25). New Balance makes some/all of their shoes here. THey don't seem to be significantly higher priced(if at all) than a Nike made in Vietnam.
So, then, why aren't they making their shoes here? Enlighten me. If they could pay minimum wage, why did they leave?
They sell a larger quantity in Asia than here. Saves them in shipping costs.
So, if that is the case, they won't be back here no matter what, rendering Robert's point immaterial.
No. If shipping costs rise considerably and costs to make them here are the same or less, then they will build a factory here to make them and sell them here.
You should have checked the link i provided above..Nike does not own any factories...therefor they would not build any, and they do farm out to US manufacturing tough a very small percentage.
Another link for you with an excerpt(making it easier for you)
Nike currently enjoys a 47% market share of the domestic footwear industry, with sales of $3.77 billion. Nike has been manufacturing throughout the Asian region for over twenty-five years, and there are over 500,000 people today directly engaged in the production of their products. They utilize an outsourcing strategy, using only subcontractors throughout the globe. Their majority of their output today is produced in factories in China, Indonesia, and Vietnam, but they also have factories in Italy, the Philippines, Taiwan, and South Korea. These factories are 100% owned by subcontractors, with the majority of their output consisting solely of Nike products. However, Nike does employ teams of four expatriates per each of the big three countries (China, Indonesia, Vietnam), that focus on both quality of product and quality of working conditions, visiting the factories weekly. They also developed their code of conduct in 1992 and have implemented it across the globe, as its goal is to set the standard for subcontractors to follow if they wish to do business with Nike. However, due to a manufacturing network of this magnitude, they have faced numerous violations involving factory conditions and human rights issues, which have been widely publicized. They have responded to these issues through the Andrew Young report, the Dartmouth Study, and Ernst & Young’s continual monitoring, but are still approximately two years away from completely addressing these problems throughout the globe.
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03-19-2013 03:14 PM |
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