[central_va]

I am not an economic idiot like you think. I know that there is a cost to domestic manufacturing that is higher per unit than having Chinese slaves produce them. IMO that cost varies between 5-10% per unit. It is not going to cost twice as much to manufacture in the USA because of increased labor costs. It can't because the cost of labor for each manufactured item only is only 10% (in average in the USA) of the retail price, so if produced in China at most it can save is 10%. But labor isn't completely free in China.

So what I am saying it is better for the country to pay the additional cost to for domestic production, which is really pennies on the dollar, to save US jobs.

You and rudeboy will not acknowledge there is a social and economic cost to outsourcing. There is huge personal cost if its your job outsourced. IMO the social/economic costs are greater than the few pennies per dollar playing footsies with the ChiComs.

[khelus]

... there is a social and economic cost to outsourcing. There is huge personal cost if its your job outsourced. IMO the social/economic costs are greater than the few pennies per dollar playing footsies with the ChiComs.

That cost is reflected in the charts found here.

When look at the GDP remember that is includes government spending. IIRC it it currently over 40%.

[1rudeboy]

Oh, bunk. Every student of economics understands that there is a cost to everything. For example, those who believe that a product's price that is artificially increased via a tariff magically will decrease to its previous level as other producers step in do not.

[khelus]

I came across three articles today that you might find interesting:

http://www.paulcraigroberts.org/2012/07/29/escape-from-economics/

http://www.counterpunch.org/2007/02/19/economists-in-denial/

http://www.counterpunch.org/2006/10/01/the-new-face-of-class-war/

Now I’s off to read another one that just caught my eye;

http://www.paulcraigroberts.org/2012/07/30/nationalize-money-not-banks-herman-daly/

[Toddsterpatriot]

I know that there is a cost to domestic manufacturing that is higher per unit than having Chinese slaves produce them. IMO that cost varies between 5-10% per unit.

In your opinion? Any data a little harder than that?

It can't because the cost of labor for each manufactured item only is only 10% (in average in the USA) of the retail price

Is that your opinion again?

You and rudeboy will not acknowledge there is a social and economic cost to outsourcing.

Yes, there is a cost to US unemployment. Just as there is a cost when the government imposes a tariff to protect a domestic producer. Look at the idiocy of our sugar quotas to see how that works.

There is huge personal cost if its your job outsourced.

Or when your job is eliminated because the government raised the price of the steel that's used to manufacture your product.