Posted on 02/11/2011 7:50:25 PM PST by FromLori
Perot is famous (among other things) for his statement during the 1992 presidential campaign that if NAFTA (North American Free Trade Agreement) was not a two way street would create a “giant sucking sound” of jobs going south to the cheap labor markets of Mexico.
Both of Perot’s opponents (George H.W. Bush and Bill Clinton) argued that NAFTA would create jobs in the U.S. because of business expansion.
However, the goods balance of trade for the U.S. with Mexico has been negative and steadily growing over the years. In 2010 it amounted to $61.6 billion, which was 9.5% of the total goods trade deficit last year.
So Perot has been vindicated in his opinion; expanded free trade has not been accompanied by an increase in jobs in the U.S. relative to the vast numbers of jobs created in the rest of the world as NAFTA became just a stepping stone on the pathway to global commerce.
Just how much the giant vacuum has been collecting has been calculated at GEI Analysis. The results are shown in the following two graphs.
The first shows manufacturing jobs lost each year starting with 1992 that are equivalent to the U.S. goods trade deficits over the past 19 years. The second shows the cumulative job loss, amounting to almost 29 million jobs by the end of 2010.
(Excerpt) Read more at businessinsider.com ...
They knew they could take advantage of near slave labor wages, skirt environmental and worker safety regulation by hopping on over to countries like India, China, Malaysia, Vietnam, Indonesia.
It wouldn't have mattered if the U.S. dropped 80% of all taxes or regulation.....American workers could still not compete with the dirt cheap labor forces of the above mentioned countries.
It's all about greed and power. Multinationals pumped millions of dollars into campaigns of those who would in turn payback with legislation and trade negotiations favoring the bottom line.
This has very little to do with American labor force.
You are spreading total BS so stop it. The amount of labor that goes into a vehicle built in the US, both union and non union, is approx. 10% of the cost of the new car. So a 20,000 dollar car, if built by unpaid slaves, would be 18,000 dollars. You're full of gloBULL crap.
“Sure. It’s no coincidence that Birl Crinton was the former governor of the state that just happened to be the headquarters of the largest Retailer of Chinese goods in the US.”
Ding, ding, ding, we have a winner!
And for you other commentators, don’t call me shirley....
**The amount of labor that goes into a vehicle built in the US, both union and non union, is approx. 10% of the cost of the new car.**
The rest of the cost is TAXES AND REGULATION COMPLIANCE.(and UNION PENSIONS)
This thread is starting to sound like something from the Daily KOS or the Democrat Underbrained.
WOW!!! PAULTARDS are LOOSE AGAIN ... someone forgot the meds and left the WARD UNLOCKED!!
Tell me Einsteinm when the last auto factory is shut down making you Free Traitors happy, who will build our ships and tanks for the next major war? Or does Free Trade outlaw wars and rumors of war.
Einsteinm = Einstein
Einsteinm = Einstein
The total labor cost of a new vehicle produced in the United States is about $2,400 which includes direct, indirect and salaried labor for engines, stamping and assembly at the automakers’ plants.
This represents 8.4 percent of the typical $28,4513 price of a new vehicle in 2006. The vast majority of the costs of producing a vehicle and transporting it to a dealership and preparing it for sale – including design, engineering, marketing, raw materials, executive compensation and other costs – are not related to direct or indirect manufacturing labor.
Well Mr. Einsteinm ...my previous post #85 I guess applies to you, too.
You are allowed to have your own set of opinions, but not your own prevaricated set of facts.. Facts are a nuisance to the emotional and doctrinal Free Traitor. You will leave us defenseless. Unable to even make so much as a roll of steel or a tire in the event of war, all to save 10%. Even Judas struck a harder bargain.
I haven’t quoted any facts, except that you sound like you are either a PAULTARD or a LIBERAL and you’re OFF YOUR MEDS.
YOU QUOTED 10% of a car is LABOR.. that means 90% is something ELSE.. TAXES and REGULATIONS are why most companies LEAVE, not for LABOR!!! I didn’t close my business because of LABOR.. I closed my business because of TAXES and REGULATIONS.
and Quit whining about the EVIL CORPORATIONS, it’s very unbecoming and it is very LIBERAL
“The amount of labor that goes into a vehicle built in the US, both union and non union, is approx. 10% of the cost of the new car.”
Bullshiite on you. Your 10% number might apply for FINAL ASSEMBLY. But for the overall cost of the car (from raw materials on), it’s a heck of a lot more than that - at least 50%. So stop trying to fool people - WE ARE ON TO YOU. Go back to DU or where ever the h3ll you came from.
We are SICK of TOTALLY UNSKILLED people getting RICH on the backs of people that have invested in their own education and skills.
Ive presented actual research, your turn. Calm down and wipe the spittle off of your face.
LOL - in your wet dreams.
But the total unemployed in the US is only 12.5 million. These kinds of statistics can be misleading.
*********************
Abortion.
1. Government meddling caused the problem.
And the Pharisees.
Yes We are the smartest most creative culture on the planet.
Leave us alone, LET US WORK, and we will win the trade wars every time.
Because once upon a time we were allowed to be.
You think someone in China is going to wake up in his hut
and say “I am going to build the replacement to the Internet”
or “I am going to build a new engine with 3 times the
efficiency of the current ones”?
Nope.
The government controls everything.
No freedom, no individual thought, no innovation.
Read about the inventor of the laser.
He took on the management at Hughes, risked his
job and was ridiculed by his peers.
In the end he was right.
That would never happened in a communist country.
That leads me to my point.
I am an inventor.
I develop.
I manufacture.
I spend 90% of my time beating off the law suit dogs,
documenting which peanut is mine and which three peanuts
are Uncle Sam's, filling out useless surveys, trying
to comply with mountains of regulations and fixing
the messes I paid someone else to do.
No wonder it's taking me so long.
The Bush's were/are up to their necks in it...
You bet, the political BS and deceit is knee deep.
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