Posted on 01/22/2016 10:09:16 AM PST by CharlesOConnell
That would be a good start.
Just distinguishing Macro indicates you did not study Economics but rather Finance and Accounting, and how the government can solve monetary problems, different animal, regardless that it was inaccurately called Economics.
Send them elsewhere?? Who the heck will buy the junk they are sending to our stores here? Most folks don’t buy this crap. But, we here in ‘Merica do. We’ll buy anything, especially if you toss in something free with it.
I would argue the price differential between the same good produced in China and the USA is really quite marginal and almost all of it goes to the international stock holders.
Labor is really as a small part of the equation, as are taxes.
The myth is that made in the USA is prohibitively expensive and it is just that, a myth. I agree that regulations are a hindrance and unions can be a problem but union membership is at an all time low. 10% for manufacturing.
Take any business school where a manufacturing test case is discussed where a factory in Peoria can make widgets for $10.00 a piece. They find a factory in China that can make it for $9.00 including shipping. So the the professor says all is well the company needs to close the factory and send it over seas.
Well wait, the professor should say what are political consequences of moving that factory to China? What about moving it to a R-T-W state? Why isn't that an option? What is the cumulative affect of closing factories in the USA?
Lastly if the Company was making a 10% profit per widget made in their Peoria factory then why should they move to China ? How much of the marginal difference in lowered production cost be passed on the the consumer? All of it? If all of it then what would be the point? None of it? Then the retail price would stay the same and the consumer sees no benefit. Half of it? What would the stockholders say about that?
exampled = exemplified
I’ll settle for tariffs equal to what other countries put on our goods, especiailly backdoor “Tariff via VAT” countries (like Germany). Level the playing field.
Your need to hurl insults shows you know the facts don’t back you. So, now that we both know you’re wrong. Bye.
Need? Want.
They won’t dump it on Europe, Europe is already buying as much from China as they want. We are the A#1 consuming country on the planet, if they stop selling here they get stuck with a lot of dead merch. We have plenty of manufacturing capacity here, so actually we CAN build it here, and if they can’t sell it here whether or not they can build it is meaningless.
We’re manufacturing more now than we were 40 years ago. The industrial revolution is happening.
Call it what you want, its still adds up to fleeing to logical fallacies because you know the facts and logic don’t back you.
Been to a retail chain store lately? Walmart is the largest importer of chinese goods in the US.
Been to a hardware/home improvement store lately? How about an industrial supplier/jobber/sales outfit?
Europe is a larger trading partner with china than the US.
Try to build anything that doesn’t have a component that came out of china.
We avoid Walmart like the plague.
Sorry, thats a micro issue, not macro. :)
When insomnia forces me to get up at 3 in the morning and do something, I often end up at one of the 24 hour Wal-Marts. If I am in a reflective mood, I cannot help but be amazed at a massive store virtually empty of customers but lit up like noon and staffed and stuffed full of merchandise awaiting my approval. In such a moment I am forced to realize that I am experiencing one of the marvels of modern American life, laid out for me and other ordinary people.Take that, Marx and Lenin, you big dopes!
Wal-Mart has its faults, but its disciplined and cost-paring business model forced its suppliers and competing retailers to become better, squeezing out so much cost and inefficiency that the entire US economy experienced a jump in productivity and wealth. Economists also calculate that Wal-Mart makes it possible for household budgets to go further, thus combatting poverty through cheaper food and goods.
In sum, count me among Wal-Mart's fans and defenders.
I've posted before that it isn't only about automating manufacturing - Google is killing the American office worker. When the answer to almost any question is only a few keystrokes away, who needs Bill in Accounting with 20 years experience in "knowing stuff" and a big paycheck? Who needs Jack the PC tech when he is lazy, wrong half the time, and the the problems he gets paid to solve in two hours can now be fixed in 30 seconds by asking your web browser?
No I don’t go to stores. When I want something, I just call them and they bring it to me and I pay for it at my front door. Don’t you have that service where you live?
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