Here’s a thought, it would be great if the stuff we now source from low cost countries returned to be manufactured in the USofA. I’m for it. How much are you willing to pay to make that happen?
A T-Shirt made in Indonesia costs about $20. The worker makes about $15 a day.
What will that shirt cost when produced in a union mill where the worker will make in excess of $15 per hour plus benefits? And yes, we all know that $15 is not even close to what the worker will make. It will be much higher.
There is a reason so many cheap consumer manufactured goods moved out of the US. We don’t like it, but often the truth is painful.
We want US made goods, we don’t want to pay for them.
Many of us are barely scraping by now. How is raising prices going to help?
I might be wrong. I was one other time.
4 comments:
Well, end the income tax and I'd be happy to pay more for stuff, because I'd have more. But that's another argument for another day.
It would have been a good idea 50 years ago. Germany and Japan should have been declared recovered from WW2 and that should have been the end of it.
This is going to be a real hit, as you pointed out. The thing is, the Democrats are too stupid to bring this up. They hate normal people and are too busy liberating Teslas and rioting on campus to do so.
IT will also end the drain of money from the US to the rest of the world via low wages and manufacturing elsewhere.
Had the Leftists not allowed it to happen back then, the damage to our economy would not have been done at all, but there is no painless fix for it.
At the end of it, a few months down the road we will be in better economic shape.
The wages that were abysmally low elsewhere years ago have risen, such that our workers are not as uncompetitive as they once were....IF (and it is a BIG "IF")we can keep the asinine demands of the unionized workers out of it.
If we really wanted to be competitive, we could cut out about 3/4 of the burdensome regulations on industry....then we would likely be near par.
A size 6203 ball bearing is one of the most common sizes in the world. It is used in automotive drive trains, ag equipment, appliances, electric motors and machinery.
In 1990 a domestic produced 6203 ball bearing sold OEM/ wholesale for about $2.00. Today that bearing - of equal or better quality - costs around $0.30.
There is no way that can be produced for that cost in the US and none of the bearing plants producing domestically today can make it competitively.
We can build a bearing favtory in every city and costs still wouldn’t match the.prices from China, India, Indonesia, or Brazil.
Increasing the costs of all those components will lead to higher prices.
Joe
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