Quote:
Originally Posted by tony286
The problem is the jobs aint coming back and the president cant order them back.So they all say this bullshit, Im telling you 7 percent is the new normal. With technology, you dont need as many workers and you can have workers work overseas for much less money. The factory moving from illinois to china, the factory was profitable but just not profitable enough its all more more more. They get slave labor and the first thing they are doing once the machines get to china is remove all the worker protections on them because it slows them down. How are you going to compete with that? lol
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I agree with all of that except the 7% part. That is going to increase as more companies move overseas and technology puts more workers out of a job.
Living in Asia I read a lot of Asian news, from all over Asia. I don't think Americans fully grasp how much business has left the USA and relocated in various parts of Asia. And it's not just large companies that make an entire product, it's also small companies who just make a few items that may be used on a larger product. For example, there is factory nearby, a former US company, who employees 1000s of Thais just to make gaskets and other tiny parts that are used in Chevy engines. It's not a Chevy company, but they sell those parts to Chevy. And that is just one little company. The same applies for just about everything that is "Made In America." A lot of things are manufactured abroad and then assembled in the USA, thus getting the "Made In America" sticker, when in truth it was only assembled there.
China, Thailand, Vietnam, Cambodia, Indonesia... all booming. And a lot of them are booming with jobs that used to be American jobs. And you are right when you say those jobs are NEVER coming back. Even with huge tax breaks, why would they? Labor and the cost of doing business is so cheap in these places, there are not enough tax breaks that would make them go back to the USA. And this is something most Americans simply do not understand because they don't know anything outside of their own borders, and their media lords usually don't talk about it.