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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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