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Originally Posted by Billybob
John - That's exactly my point. Maybe the corporate big shots don't realize, or maybe they just don't care because this process will take a while. But, the fact is that everytime they migrate an operation to China they are firing their BEST CUSTOMERS.
When Billybob loses his good paying job in the brass mill and gets a job at Walmart, he ain't buying no Plasma TV's - neither is Wonhunglo, who's working at the new brass mill in Xianjang cause he's only making 25 yuan a month!
Walmart's gonna have to layoff Billybob, cause their sales are down.All these wonderful service jobs disappear because there's no manufacturing base to support them.
Unemployment rises as the tax base shrinks and we have a crises on our hands.
The incumbent will get blamed, a new party voted in, but it's too late - the damage is done.
And the CEO retires to Cancun  eessed: |
Wal Mart is the single biggest importer of Products manufactured in China according to a 60 minutes program recently aired. $18Bil (thats billion)in 2004 or approx 70% of their goods are manufactured in china, and they expect this to grow at 20% yearly. They are a big part of the problem. They squeeze manufacturers til its unprofitable for the manufacturer to deal with them, then they suggest to that manufacturer, "hey. why dont you consider manufacturing overseas(asia) to reduce yourt costs". Think about that next time you shop at Wal Mart.