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Yes productivity has improved and that’s contributed to unemployment. But so has imports as a percent of GNP. And anybody and everybody can walk into Walmart and see the percent of goods made in China and how it’s changed. Those goods that could be made by Americans if our market wasn’t wide open to countries like China. China doesn’t use their foreign currency to buy trade goods in return. Instead they but debt and equities. And we shouldn’t be trading with them under those conditions. We have the largest consumer market. We should be using it to make sure Americans are employed. Not helping the Chinese to take us over.

A few serious errors in your complilations...the stuff you see for sale in Wal-Mart is there because that's what their customers demand.....you can't sell an American made shirt for $25 when you can buy the same quality shirt from Bangle-desh for $12....an electric frying pan from here costs $50 while its counterpart from China is $29..The U.S is competing in a world market and price is important to everybody.

I agree that their currency manipulation should be brought under control....lots of luck there.

We don't have close to the largest consumer market...China has a billion or so people and we have 350 million...this is getting to be a much tougher world that it has been in the past and we cannot continue to price ourselves out of the market....The steel industry did it to themselves years ago and other industries are in the process now. Clothing manufacturing used to be huge here.....no more....just look at what happened in the auto industry.....you don't buy a Chevie made by a $60 per hour union worker who spends half the day playing cards in the lounge so that he doesn't exceed union production quotas when you can buy a high quality Nissan product made by a worker who appreciates his job at $40 per hour.

Nobody is making $60 an hour on the line anymore. GM starts at like $14 an hour.

A few serious errors in your complilations...the stuff you see for sale in Wal-Mart is there because that's what their customers demand.....you can't sell an American made shirt for $25 when you can buy the same quality shirt from Bangle-desh for $12....an electric frying pan from here costs $50 while its counterpart from China is $29..The U.S is competing in a world market and price is important to everybody.

Total BS. The amount of labor that goes into each manufactured product varies but it averages around 6-7%. Using slave labor saves around 3% and reduced taxation / regulations saves maybe another 2% per unit. So your numbers are really bogus; if not laughable. So off shoring saves the customer 1 or 2 % with the other 5% going to shareholders and CEO perks.

Excellent Post.