Brass Magnet
Founder's Club Member
Thank you Jesus![snip]Moving on. Take another shot. I won't respond.
*Fires shot across the bow of the U.S.S. Statist*
Back OT.....
After WWII it was the Japanese that made the cheap stuff, then it was the Taiwanese, now it's the Chinese, soon to be the Vietnamese.
Remember back about 20 years when everyone was complaining that robots were taking their jobs? All robots did was replace 3 or 4 low skill workers a piece and replace them with one skilled worker. Of course, many companies were demonized for automating, but those that did survived on American soil. Now the Chinese feel about the same as alot of American workers did 20-30 years ago. They constantly like to throw more people at the problem, and all they really want to do is make thousands of widgets instead of one-off high precision products. They don't like efficeincy because it takes jobs away from people. They would gladly dig holes all day, just to fill them in again if it gives a person a job. I think this will be their undoing. Labor costs in China are skyrocketing by 5% to 8% a year and although they got away with low efficeincy in the past because of cheap labor, those days are ending. Next stop? Probably Vietnam, but that won't last forever either. Pretty soon it won't be much cheaper in one country over another.
The best thing the government can do right now (besides generally getting out of the way) is to end the huge taxes on repatriated money. That way companies that do business overseas can bring their profit back here and reinvest it in the U.S. With the current taxes, it would be stupid for a company to do that.