BS. Rush deliberately "couldn't find the WSJ" article that supported his claim. It's about dollars. The whole article was based on the value of manufactured goods in the U.S. vs the rest of the world.
When China makes coffee pots for $5 and the U.S. makes them for $20 that means, in his eyes, we make more.
‘When China makes coffee pots for $5 and the U.S. makes them for $20 that means, in his eyes, we make more.’
Actually if China made coffee pots for $5 and it would cost $10 here, we would make none at all, since nobody would pay $10 for a $5 coffee pot.
I do drafting on the side for a company that makes beer taps, they design it here, theyhave parts made in China for pennies on the dollar, shipped here for partial assembly, then ship the parts back to China for final assy, which are then shipped back here and sold...all cheaper than can be done here in total.
Some stuff we made goes in refridgerators, too. designed here, made there, assembled here, shipped back, final assembly there, shipped back, sold here
for half the price after all that.