To: blueriver
Despite Japan, S. Korea, Taiwan, Singapore, etc. producing low-priced goods for Americans over the past several decades, America's GDP, per-capita GDP, size of workforce, and standard of living are the biggest and best in the world. Since 1964, when America's GDP was only $641 bil., it has risen to over $10 bil. today. Likewise, America's per-capita GDP rose more than 10-fold, and America's got a huge 130 mil. workforce. Employment increased over the past several decades while Japanese and Korean made stuff for Americans and did not decrease. If any American really wants to work 12-hour days making Nike shoes in an un-air-conditioned room, they are welcome to do it. But most Americans prefer white-collar jobs to blue-collar or manual-labor jobs these days. Even in America itself, it's the poor Mexicans who do the jobs that middle-class Americans just don't want to do. Japan, Korea, etc.'s wages all rose gradually over the past several decades, so now China naturally and for the next several decades will simply take their place so that American consumers can continue to maintain their standard of living by buying low-cost goods.
86 posted on
08/11/2002 6:43:56 PM PDT by
AIG
To: AIG
But most Americans prefer white-collar jobs to blue-collar or manual-labor jobs these days. I was talking about the white-collar jobs. You must be aware that the jobs that are now leaving this country are the white-collar jobs, blue-collar jobs left during the time period when we were prospering and all a blue-collar worker had to due was get some education and move into a white-collar job. My question to you is what will happen when the white-collar working class people in America can not find work because the jobs are being shipped to Asia?
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