Every advanced economy will inevitably turn into a services-heavy economy. Even Germany, the world's biggest exporter, has an economy that is 70% service industry.
If anyone believe foreign manufacturers will continue making cars in the US, they are sadly mistaken.
Why would they close down the highly-efficient, profitable production facilities that they have invested billions of dollars into? American workers are highly efficient.
It doesn’t matter. It gives Americans cover to buy these cars and not feel like anti-American swine
My wife's BMW was made by American workers in North Carolina (IIRC). This is a plant that provides high paying hobs to hundreds, if not thousands of Americans. What is anti-American about buying a quality product made by American workers?
but they are swine of course. Such companies employ people which is good-but contribute nothing to the American GDP.
I think you don't understand what GDP is. A car manufactured within the United States, whether by Ford or BMW, counts towards our GDP.
Actually, the profit goes home; it does not count the same as say Ford say. The cars are assembled in this country...not truly manufactured-quite different. It won’t matter, they will leave this country anyway.
As for the service economy. If Americans continue to believe in the global service economy, then they are idiots.
This model is not good for a country like ours... we have so many resources in this country, we do not need to settle for crumbs from abroad. I say let’s make policies that benefit this country. Thanks to this worthless model, we are bankrupt. It’s time to innovate and find a new way to help America remain a great power.