 Re: Use Soap!!
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Joined: Sep 2006
Posts: 231
Adjunct
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Adjunct
Joined: Sep 2006
Posts: 231 |
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What is sad is that we have to depend on foreign manufactures to supply us with jobs. All the profit slowly makes its way overseas.
Doesn't bother me so much because the wages stay here. And they're investing in plants here, that's stripping a lot of the money out and it's landing here. Could it be better, maybe, but the products are really good and we make them.
We are supplying skilled labor for these products. Much of the raw material, as well as the power to produce them is imported. The capital to invest in our plants is increasingly coming from overseas investors.
Bottom line: as more foreign areas train skilled workers, the competitive advantage our country has will diminish. It will become cheaper to produce those goods elsewhere for export to the US. For example, the majority of our clothing is either assembled or the raw material produced in other countries. Most of our electronics as well.
Having a skilled, well trained labor force is a great thing, but what is to stop some other country, or countries from having the same thing?
Send lawyers, guns and money, cause the sh*t has hit the fan!
-W. Zevon
2020 Bud Ekins T100
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Re: Use Soap!!
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Joined: Dec 2006
Posts: 7,028 Likes: 8
New Tires
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New Tires
Joined: Dec 2006
Posts: 7,028 Likes: 8 |
Quote:
Quote:
Quote:
What is sad is that we have to depend on foreign manufactures to supply us with jobs. All the profit slowly makes its way overseas.
Doesn't bother me so much because the wages stay here. And they're investing in plants here, that's stripping a lot of the money out and it's landing here. Could it be better, maybe, but the products are really good and we make them.
We are supplying skilled labor for these products. Much of the raw material, as well as the power to produce them is imported. The capital to invest in our plants is increasingly coming from overseas investors.
Bottom line: as more foreign areas train skilled workers, the competitive advantage our country has will diminish. It will become cheaper to produce those goods elsewhere for export to the US. For example, the majority of our clothing is either assembled or the raw material produced in other countries. Most of our electronics as well.
Having a skilled, well trained labor force is a great thing, but what is to stop some other country, or countries from having the same thing?
True in many ways Ted, but we did it to India and Britain when we produced cotton here and milled it cheaper than them. We relatively feed the world, to many foreign ag producers' dismay. There are lots of examples where historically we have destroyed other nations industry through competition.
Foreign investment? We have always been a magnet for it, mostly because of our constitution, rule of law and property right protections, not to mention our productivity. There's only about three or four other countries in the world that are like that, we are safe bets. 
Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats.
H. L. Mencken
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