JoeyInCali said:
It's called a free market. When all of our factories move there and the competition for skilled labor heats up then the cost savings will vanish and what will happen? Then the smart entrepreneurs in the USA will have figured out how to produce here efficiently and cost effectively and production will resume in the USA. It's a cycle that's all.
Free market? You mean open trading? The developed country who has a free trade with a socialist country in the end does not benifit. The reason there is free trade is our politicians sold us out,
As I said before no company is guaranteed profits (unless you are Haliburton feeding on the public tit charging embezzlement prices). No person is guaranteed a job. The company you work for could be insolvent tomorrow due to any number of things, including government regulation.
If you are in the manufacturing business, you are in danger of losing your job to China.
Competition is the only real regulator out there.
Japan figured it out a long time that is not true.
Sure there are a lot of social considerations but in the end business is just a collection of people trying to make a living by making something or providing a service. If another collection of people can make or perform that service cheaper then that's just business.
That's not business. It's dumb for our government to let it happen. But, they are getting greased.
The real commodity that has value is reputation. If you get a damn good reputation then you can hang on to business in the face of cheaper competition. However a lot of companies don't invest their profits in service and building a good rep when they have no competition and subsequently their customers can't wait to jump ship when a cheaper alternative arrives.
The biggest commodity is CHEAP prices. What you do is outcheap the main guys until they go out of business or can no longer compete. Those who have great reputation who can't be beat are then subject to counterfeiting.
I wonder where those fake LV bags come from. Fake Rolex? Fake Ipods?
How about those 3 for P100 dvd's sold in Quiapo?
But, I could be wrong. It's really ok for our manufacturers to move to China.
You voted for the people you say sold you out. Germany is a socialist country and we have free trade with them. Seems to me people like German goods.
Dumb for our government to let what happen? Where in the Constitution does it say that government must protect your job or protect a company's existence?
At what point should business be protected? How should they be protected? Should business in one state be protected from business in another state? The cost of living and labor is cheaper in Alabama than it is in California so should there be some sort of protection from cheaper goods coming out of Alabama? Should companies be forced to stay in California in order to insure Californians have a job?
How about if you want to buy a widget for your cue making business and it's $1000 if you buy from the California company and $500 from the Alabama company, should there be a law that prevents you from buying from the Alabama company? Would you agree with such a law? Would you follow it if there were one?
I could go on and on putting holes in this protectionist and isolationist attitude.
Yes, if you work for a company that makes things then your job is in jeopardy. Your job is in danger of being lost to competition, innovation, poor management, bad economy, loss of credit, government regulation, lawsuits, higher taxes, lower taxes, your company relocating to another state or country and so on.......
So what should YOU do about it? Save your money, don't live on credit, develop your skill set so that you are more valuable to a broader range of employers, begin a home business to add another income stream, invest (hopefully in things that appreciate), and basically do what it takes to increase your own positive net worth and build security.
Surprisingly enough there are plenty of people who do this and they don't worry about losing their job. They have enough money saved up to live decently for a certain length of time which allows them to pick and choose where and for whom they want to work. They have skills that allow them to work in any number of fields or even work for themselves if they want to.
Again, required reading, "The Way to Wealth" by Benjamin Franklin, who coincidentally was part of drafting of the aforementioned Constitution. Or you could choose not to read it and continue the idea that government should coddle us and protect us financially.