Originally Posted by barcode71
Labor is cheap because of the exchange rate and the working attitude of Asian countries. They have longer working hours than Americans, not just China, this includes Japan, Korea, Taiwan and some Southeast Asian countries. With South Korea and Japan raking in 48+ hours a week on average.
I find it interesting how many people here are still unaware that America's economy is in free fall and yet we still hold such arrogant and belittling attitudes towards China when we should be learning from them.
Too much loathing and contempt when we hear other countries being better than us. America, in it's current state, is #1 in all the wrong categories.
Because many Americans have serious manhood issues. When we hear other people/countries being bigger or greater than us it makes us feel inferior when we should be the exact opposite, aspire to intelligence not belittle it.
It's funny that you think that. It actually isn't true. US manufacturing has been seeing huge gains in the last few years.
The myth comes from the idea that 'everything is made in china". That simply isn't true. China is a great source for consumer goods, but nothing of any significant value is produced by them. The US is moving to automation, producing vastly more complex and useful goods, and the demand for skilled labor is increasing.
I will never claim the US has the number one economy, but it is not the worst either. And we do indeed suck in most other categories. But...
Did you know that for every dollar we owe in national debt, other countries also owe us an average of 89 cents? Did you also know that China only owns a small percentage of our debt, and having other countries own debt is GOOD for the economy? The national deficit issue is a joke, in order to sustain a country in times of poor economy, running a deficit is the only thing keeping things moving forward.
They might work 48 hours a week, but on average a US employee is 6 times more productive due to advances in automation and efficiency, and that is where your entire post falls to pieces.
And while we are at it, all of the auto manufacturers in the US took bailouts. All of them, even ford. The difference is they secured PRIVATE loans, so they can technically say it wasnt a bailout.
And all three companies have paid the loan/bailouts back already.
Oh, and those people working 48+ hours a week aren't getting over time. I work 50-60 hours a week, every week, and collect fat overtime on it. Chances are my standard of living is far higher than those people who are supposedly more willing to work than I am.Edited by Masta Squidge - 6/8/13 at 2:39pm