Classe move to China

And I'd like to point out something that always pops up in discussions like this and that is our buying of foreign products is not the reason why our jobs have gone overseas but is, instead, a result of our jobs going overseas. I'd gladly pay 5-10% more for something made in the States in order to keep jobs here. More money in my fellow citizens pocket means more purchases made, more taxes paid, more skin in the game for everyone. What drives an economy is what's in the consumer's pocket, not how big a tax cut some oligarch gets.

We're told WE are too expensive to hire is the reason for going overseas but the cost of transporting it back is almost a wash. It's the externalities (health, safety, environmental costs) that drives those that value profit above all else overseas. Not content with soaring profits (we've never had better performance than in the last decade) the lords and masters of our economy want obscene profits. So, they moved over 45,000 factories overseas and purged an average of 750,000 jobs a month from 2000 to 2008. This was all planned and executed while we argued over gays, abortion, guns and religion.

America is no longer considered a viable market when obscene profits are the order of the day. That market is China. A billion customers can't be wrong.

Nonoise- Boards of Directors are supposed to be profit driven- you make profit sound like a moral disease. In my opinion, profits are not the problem...the pursuit of profit/self-interest without an underpinning of ethics and empathy is the real issue. Ethics do not have to come from religion- but they must be taught, and too few of us understand that the constant pursuit of pleasure, riches and entertainment blind us to more important things.

Just my opinion, but again, not all businesses are evil, not all capitalists exploit others, etc. Life is gray, not black and white.

Everyone has a case....
Chinese workers continue to petition for higher wages. They want CARS, not scooters or mopeds. They want Consumer Goods and the standard of living no amount of propoganda and internet-banning can insulate against.

I wish i had the numbers at my fingertips. The gap between Americas highest wage earners and average continues to grow. Huge bonuses seem to be an entitlement not necessarily earned. A company I worked for had 'built in' bonuses and some real sweet benefits. Car allowance? Yep. 1 years severance pay? for sure. And than, in the middle of all the workers having to do more with less, they hire another board member. We could have used that couple million per year to DO something.

I'm not an occupy guy, but sure can see WHY they'd be upset. No jobs, an economy driven into the ditch by greed and arguements in government about higher taxes...and the wealthy.

Buy Chinese made stuff? Wal-Mart is maybe 90% Chinese made. A man just made the news by building a house from ALL AMERICAN sourced materials and labor. Cost maybe 2% more than 'foreign' and was better.
Wait till the Chinese get an idea how much what they make will sell for. They'll want a better wage. At some point there will be NO cheaper labor markets to migrate to. Japan used Korea. I have no idea where my IMac was made.......

Stay tuned.

Das Kapital anyone?

The real "enemy" or the proletariat is the machine, Marx missed the mark. As late as 1985, there were 45 people on the production line of a M&M's candy line. Now one person completely runs TWO lines! The American worker needs to be educated and get off the vanishing assembly line.