How many time have you seen an article her about a failing American companies?
And what do half the posters say?
It's the greedy employees fault to wanting good wages. It's the unions fault. They just make crappy cheap products. They deserve it. It cost too much to do business in America. The American employees are lazy and on drugs and on and on.
It's almost the same with all products now. Ya hear the same things here over and over.
In the end, I just don't know how in heck we are going to compete with endless low wage labor over seas.
Some here think Dell is just swell, yet they are laying off 8,000 Americans, and they're profits are down.
Is everyone now invested in overseas companies? What happens when few here can afford anything for over there? Do they care? Is the new focus on billions of Red Chinese consumers?
The U.S. is the third largest market in the world — after China and India.
Yeah, all of these countries are hot to trot in China/India, both of which have a rapidly expanding middle class in terms of numbers (not percentage of the population).
This is significant because the sacred “Middle Class American” is no longer all important as a consumer.