Replies to This Discussion

Permalink Reply by JonEdanger on July 23, 2012 at 7:13pm

Bill's Khakis

I happen to own 6 pair. I'm wearing a pair now. They're what I wear exclusively for work. Best pants I've ever owned by far.

Permalink Reply by Rick Shelton on July 24, 2012 at 6:59am

If the population of a country can't afford the products they produce because of the low wages, the very reason the company moved production to that country in the first place, then how many of the products of that company will be actually be purchased in the country?  Once the wages reach the level where the workers can, maybe, afford the product the company will move the jobs somewhere else where the wages are lower.  And if you think 3 million cars sold in a country of 1.3 Billion people is market entry then, wow they've sold cars to less than 0.3% of the population and it's not likely to change very much in the near (10 years or so) future.

As for Lenovo I won't purchase one and I don't expect any Government agency would purchase one either.

How are we to pay for the education and re-education system if the tax base has lost their jobs to overseas production?   Oh, I guess the wealthy can pay "Their fair share".  What jobs do you  suggest would be available for those children?  Service jobs, engineering jobs, design jobs, food service, food production?  Can you honestly say an economy based primarily on those sectors is a healthy economy?  How do you think we got into the mess we're in?  The backbone of any economy is production, take that away and your economy isn't healthy.

Permalink Reply by Shane on July 24, 2012 at 3:51pm

Good thing we're the number one manufacturer in the world then.

Permalink Reply by Rick Shelton on July 25, 2012 at 10:17am

I would ask how much of that manufacturing is actually putting things together from 'parts made overseas'.  I think you would be suprised at the answer.  Every vehicle I can think of has parts made overseas.  Computers, if put together in the US, are put together from parts made overeseas.  Much of the clothing made in the US is made from cloth manufactured overseas, some of our cotton goods are stitched together from cotton grown in the US that is shipped overseas to make the cloth and then shipped back to the US to make the clothing.

Permalink Reply by Shane on July 23, 2012 at 7:11pm

Doesn't matter too much anymore:

http://www.forbes.com/sites/singularity/2012/07/23/the-end-of-chine...

Permalink Reply by Shane on July 23, 2012 at 10:01pm

Hazlitt is cool.

Permalink Reply by Shane on July 23, 2012 at 11:00pm

After I wrecked myself financially I went looking for how money works and stumbled across him.  Excellent primer on economics.

Permalink Reply by Rick Shelton on July 25, 2012 at 10:27am

I don't propose protectionism.  More equitible entry to market in our own country is what I would strive for.  If goods produced in foreign countries have lower costs to market than goods produced here the the barriers to entry for US companies are not equitible.

A positive trade balance would be nice too as well as equal access to the markets of the countries we outsource to.

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