As we all know most of the junk we buy in America was "made in China." Having this lowers the price of that product because in China they pay workers close to nothing. At the same time many of the American "low wage working class" or aka uneducated trash people, complain that they would have a job if more of our crap was made here. Truth is most peole don't care where the product was made, just how much does it cost. Also if our education system was not so poor and people would study for a test in college more than 10 minutes, then America would not have all these idiots walking around.
Not at all surprising. Interesting way of putting it. Most people know that the little brand sticker that is put on anything is one of the costliest parts of the merchandise.
wow, very nice balerion. Now that you understand that, you will also understand, that the BS 1st world countries say when they want to "help" out 3rd/ 2nd world countries is just to take advantage of them so they can use their work force to make goods and services at 1/8th the cost.
no its not. if started making things in America again we would have jobs for everybody.
if that happend, the 5 dollar shirt you are wearing would be 20 dollars. GG.
Plus if everyone had jobs, there would be rising inflation. the unemployment rate cannot fall below 5% unless the economy grows to accommodate it. you have to remember some people are without jobs for a reason. given that they are lame (physical disability) or Mentally deficient.
Please enlighten me to which countries are 2nd world. The 1st and 2nd "worlds" were based off of politics. Not development. Most people don't remember that the so called 1st world was those countries aligned with America and the 2nd world those with the USSR. Without the USSR the so called "worlds" are now meaningless and the 3rd world countries that were not aligned with either side now have the term that basically means hole in the ground.
Please enlighten me to which countries are 2nd world. The 1st and 2nd "worlds" were based off of politics. Not development. Most people don't remember that the so called 1st world was those countries aligned with America and the 2nd world those with the USSR. Without the USSR the so called "worlds" are now meaningless and the 3rd world countries that were not aligned with either side now have the term that basically means hole in the ground.
2nd world countries are those countries who value capital goods than consumer goods, they are currently "catching" up per se to america's economic standard. 1st world countries are countries who are better off, and the good market targets the consumer, where as 2nd world's capital goods target economic expansion, as in it creates goods for itself to make factories, provide jobs ect. ect.
3rd world countries are like Libya and the parts of the Congo, where they still do not have running water or in door plumbing.
Im sure balerion, you were reading the wikipedia article, (as that is what 90% of users here do before they make a some what intelligent post) if you looked down, you would have seen that 3rd world meant Under developed countries. 2nd world meant developing, and 1st world meant developed and the average population (over 90%+) is literate.
china is considered the leading 2nd world nation due to its explosive population growth and extremely large workforce. because of the fact that China is still developing, it is able to accommodate a lot of jobs for building projects, and therefore there is also a lower unemployment rate.
Using wiki to base one's opinions on is not the greatest idea. I simply was discussing the true meaning behind the so called worlds. And if it took 90% literacy to be a 1st world country we would be screwed.
if that happend, the 5 dollar shirt you are wearing would be 20 dollars. GG.
that's a very highly overestimated increase. 5 would be 7 or 8. Also, since the money you are paying for it is going to other US'ans, there will be more money to go around and things won't actually be as expensive.
Plus if everyone had jobs, there would be rising inflation. the unemployment rate cannot fall below 5% unless the economy grows to accommodate it. you have to remember some people are without jobs for a reason. given that they are lame (physical disability) or Mentally deficient.
Never said everyone should have jobs, simply that we cannot afford to lose all our factory jobs to other nations. Yes, it makes production cheaper, but if no one in the US works in factories in the near future our economy will be HORRIBLE.
Everyone knows not everyone is able to have jobs, but 1% of US'ans lost their jobs to the Chinese in 2007 alone.
"China also engages in extensive suppression of labor rights. An AFL-CIO study estimated that repression of labor rights by the Chinese government has lowered manufacturing wages by 47% to 86% (AFL-CIO 2006, 138). China has also been accused of massive direct subsidization of export production in many key industries (see, e.g., Haley 2007). Finally, it maintains strict, non-tariff barriers to imports. As a result, Chinaâs exports to the United States of $323 billion in 2007 were more than five times greater than U.S. exports to China, which totaled only $61 billion (Table 1). Chinaâs trade surplus was responsible for 52.3% of the U.S. total non-oil trade deficit in 2007, making the China trade relationship this countryâs most imbalanced by far. Unless China raises the real value of the yuan by an additional 30% and eliminates these other trade distortions, the U.S. trade deficit and job losses will continue to grow rapidly in the future. " Link, for the second time.
Conclusion of that article: "Is Americaâs loss Chinaâs gain? The answer is most certainly no. China has become dependent on the U.S. consumer market for employment generation, has suppressed the purchasing power of its own middle class with a weak currency, and, most importantly, has held hundreds of billions of hard currency reserves in low-yielding, risky assets instead of investing them in public goods that could benefit Chinese households. Its vast purchases of foreign exchange reserves have stimulated the overheating of its domestic economy, and inflation in China has accelerated rapidly in the past year. Its repression of labor rights has suppressed wages, thereby artificially subsidizing exports."
that's a very highly overestimated increase. 5 would be 7 or 8. Also, since the money you are paying for it is going to other US'ans, there will be more money to go around and things won't actually be as expensive.
The money IS going to Americans, those companies in china are based in the US. I'm pretty sure US polo Association is company in the UNited States.
The money IS going to Americans, those companies in china are based in the US. I'm pretty sure US polo Association is company in the UNited States.
The money is not going to the factory workers who used to have those jobs. It is going to the people who employ the factory workers, and to the factory workers in China.
US'ans? seriously? heard of Americans?
Yes, and I dislike the assholed approach of calling ourselves Americans even though we have very little of the Americas. US'ans is a clearer, less shitty name.
Yes, and I dislike the assholed approach of calling ourselves Americans even though we have very little of the Americas. US'ans is a clearer, less ****ty name.
you live in north america therefore it is common sense to be called an american.
It is going to the people who employ the factory workers, and to the factory workers in China.
only 2-3% of that money goes to chinese factory workers. the rest goes to CEOs which are americans.
That still means cheaper consumer goods for me. So really it is worth it.
Yes, I know, I was just avoiding any scrutiny about how Chinese factory workers get payed too when you buy items.
what does it matter that chinese workers get paid when you buy items?
potential factory workers
if we lower the unemployment rate before the optimal level, the US will not only be screwed in productivity, but it will also cause rapid inflation of currency.
what is your point now.
if you want to read some real economy instead of searching " China effect america economy" on google, I recommend McConell and Brue's Economic text book. It is the Standard textbook for economy in Brown University.
