- Joined
- May 17, 2009
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Ah, but it is the chicken/egg conundrum... pressure to get lower prices push business off shore/business go offshore to get better labor costs....... one fed the other.
And as I said before, it won't change until the consumer forces them to.
One word for ya BAILOUITS.
If that doesn't get your attention maybe this will a question.
How many American industries are still under chapter 7 and 11, and how many are considering it.
Foreign retail sales are higher than American retail sales
Foreign imports are higher than American exports
America does have foreign nations beat in one area they owe more IOU'S than most countries , they have more debt than most countries
This is not good business especially since America has less tax revenue since the outsourcing increased and more out going plus trade deficits in a free trade market.
Lets face it American corporations are slowly but suely getting beat by foreign products in the retail sales department eace