|
A lot of people fail to realize that we now live in a global economy. The strength of the US economy is directly affected by economies around the globe. If you go out buy something made in Korea, where does that money go? It goes to people who can now buy US goods and services as well goods from around the world. When countries like China suddenly have money to spend on infrastructure and modernization where are they going to turn? Probably to the US.
The sending of jobs overseas is going to continue as long as there is an imbalance between the wages of countries. When China becomes too expensive, then the lost cost manufacturing jobs will be sent elsewhere. The American consumer has huge part in this by supporting places like Walmart who demand very small margins from the companys where it buys it goods. These companies have to send work overseas to compete. How many reels do you think Penn sells at Walmart? Stop shopping at Walmart and Target before you criticize corporations for sending work overseas.
This is not a topic that can be easily discussed in few paragraphs but I hope that you understand what I mean.
|
Threaded Mode