(06-04-2019 04:07 PM)umbluegray Wrote:  Not quite accurate.
Companies farmed out manufacturing processes to China to take advantage of low wages.
This positively impacted the companies' bottom lines.
The consumer paid cheaper prices which was good given that the consumer was also losing his job to oversees sweatshops.
As more and more manufacturing processes were moved to China, the Chicoms stole the specs and began manufacturing their own products to compete with the US products. These stolen-tech Chicom products were even cheaper than their US comps.
No. I (the consumer) didn't all of a sudden say one day, "I demand low prices! Build in China!"

No, consumers didn't say, "Build in China." What they did say was, "I demand low prices, and I am going to buy from whoever offers the lower prices."

And the corporate strategic planning and budgeting folks ran their numbers and came up with China. Low wages were part of the reason, but not the only one. A decision on plant location is made based on a whole bunch of factors--labor costs, labor productivity, taxes, proximity to raw materials, proximity to markets, risks (economic, currency, political), regulatory burden, stuff like those. One thing to remember is that folks who will work for those wages usually aren't capable of doing very much. To get a skilled workforce, you have to pay more. So some companies have at least partially pulled out of China because the workforce did not have the skill sets to do the tasks required. Others have pulled out, or avoided it altogether, because of intellectual property theft issues.

(05-31-2019 05:45 PM)swagsurfer11 Wrote:  

(05-31-2019 04:35 PM)Kaplony Wrote:  

(05-31-2019 04:08 PM)swagsurfer11 Wrote:  It’s 4D chess. You don’t understand how a guy with absolute zero knowledge or experience with trade policy outsmarts the most savvy finance people in world. I don’t have time to explain it to you either.

The most savvy government finance people in the world are who got us into the mess we are in to begin with.

What mess? The highest standard of living in human history? You got you into this “mess” because you wanted cheap stuff and China made cheap stuff. The finance people just opened the door. I don’t remember you complaining when you were on those shopping sprees at Wal-mart.

The bleeding of manufacturing jobs because of ever increasing taxes and costly regulations. Thriving towns becoming ghost towns because of industry being driven out o the country by globalists.

And pray tell when exactly was the last time I shopped at Walmart, much less had a shopping spree.