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82 000 RMB is roughly equivalent to 12000 USD
The average Chinese workers does not have an obsession with such things, "they are happy to have a job". (The Chinese workers did not come and take anything from America, it was GREEDY AMERICAN WHITE MEN, who took the business of industry to China.) It was the same white males who dominated the Industrial executive offices, who chose to seek slave wage labor on foreign soil.Lower prices aren't "bad."
It's the actual costs in exchange for those lower prices we need to fear.
People being paid pennies per shirt in Bangla Des, so we can buy them for 100 times that amount put my Grandmother out of work in the New York Garment industry.
People in China working in sweat shop conditions making our critical electronic components not only puts American's out of work, it also puts our entire communication and data systems at risk.
What good are low prices when you don't have a job earning enough to buy the cheap crap either.
I am perfectly aware of those issues. But that is a problem caused by internal protectionism. I believe in competition. But what we have in China and other "poor nations" is labor exploitation. And in China in particular, an intentional effort to undermine our nation. To steal our technology, devalue our currency, and create dependence on their industry. There is no free "capitalism" in China, it is all controlled.
We also have a problem caused by not having strong Unions, and a well-paid local workforce doing all that production we've shipped overseas. But that is an issue related to all this "open border" ideology.
You missed the point... It was about "going public and not going public"...You don't seem to know much about the garment industry. Comparing it to a restaurant is ridiculous.
Lower prices aren't "bad."
It's the actual costs in exchange for those lower prices we need to fear.
People being paid pennies per shirt in Bangla Des, so we can buy them for 100 times that amount put my Grandmother out of work in the New York Garment industry.
People in China working in sweat shop conditions making our critical electronic components not only puts American's out of work, it also puts our entire communication and data systems at risk.
C.P. Snow said:But I don’t respect you in the slightest if, even passively, you try to impose the same choice on others who are not free to choose. In fact, we know what their choice would be. For, with singular unanimity, in any country where they have had the chance, the poor have walked off the land into the factories as fast as the factories could take them.
Of course they can make things cheaper - it's called slave labor.No.
Why do you outsource your clothing by buying shirts and pants from other people?
If you make your own shirts and pants you'll give yourself another job, but you will make yourself worse off, because it's smart to buy something from somebody else if doing so is cheaper than making it yourself.
If some other country can make a product cheaper than Americans can make it, then it's smart to buy it from them.
Biden's policy is "whatever Trump did, reverse it". Besides - tariffs on China hurt his and Hunter's income.I voted no and I guess Biden has said he wouldn't either.
Dont be denseOf course they can make things cheaper - it's called slave labor.
Maybe you should propose we use slave labor here if it's such a great thing for the Chinese??
No its not... It's about "what ever damages the nation and the people and America's Relations with the World " - CORRECT IT !!!Biden's policy is "whatever Trump did, reverse it". Besides - tariffs on China hurt his and Hunter's income.
Bullshit. He's a laughingstock on the international stage, Inflation is at levels last seen a decade or more ago. Businesses are faltering because his polices are keeping people from looking for work.No its not... It's about "what ever damages the nation and the people and America's Relations with the World " - CORRECT IT !!!
Biden's Policies is about implement what will helps the nation, its people and build a performing and progressing future, "Get It Done".
What policies are preventing people from looking for work?Bullshit. He's a laughingstock on the international stage, Inflation is at levels last seen a decade or more ago. Businesses are faltering because his polices are keeping people from looking for work.
Vaccine mandates for one. Months of supplemental unemployment aid - gone now, off course.What policies are preventing people from looking for work?
Vaccine mandates for one. Months of supplemental unemployment aid - gone now, off course.
Wake up and get off the idiocy train... The Pandemic impacted the ENTIRE World's Supply Chain... Geez!!!Bullshit. He's a laughingstock on the international stage, Inflation is at levels last seen a decade or more ago. Businesses are faltering because his polices are keeping people from looking for work.
American ignorance in some are only happy when they can conjured up some ignorance to create some means to look down on others. The world has no time to pause itself and submit to that ignorance, that's why many nations are building and advancing. China has shown its able to do what American Ignorance prevents America from doing.Dont be dense
Wages have been shown to be increasing in China. Manufacturing wages in China now are approx $1000 USD a month. Chinese workers are free to quit one job and find others.
Give me a break - the rest of the world didn't stand up and attempt to spend trillions upon trillions of OUR dollars on a laundry list of far left lunacies.Wake up and get off the idiocy train... The Pandemic impacted the ENTIRE World's Supply Chain... Geez!!!
You mean the "younger ones" trained and mentored by the current old guys? Be still my heart!Thank goodness to The World for the thing called "Time"... as it moves forward, within the next decade much of the old man idiocy will have passed on, and the world and the younger more educated generations won't have to hear this silliness.
The damage the idiot know as orange man Trump did to USA trade cannot be undine. All we can do is try to fix as much as possible.Time To Tackle Trump's Trade Tariffs?
Other Nation's spent their money exactly why and how they wanted to spend it.Give me a break - the rest of the world didn't stand up and attempt to spend trillions upon trillions of OUR dollars on a laundry list of far left lunacies.
You mean the "younger ones" trained and mentored by the current old guys? Be still my heart!
The bonus on top of regular UE made their income higher than taking a job.So a vaccine mandate for federal contractors prevents people from looking for work? How does that actually work? Can not people apply to work at Burger King and avoid the mandate ?
How does Unemployment aid prevent people from looking for work? If you were to say it create a disincentive to look for work, that could be accurate
The bonus on top of regular UE made their income higher than taking a job.
Still not a reason to blame democracy. More of a reason to call into question why people tolerate the corruption of the american government.Because specious arguments for tariffs are an easy way for politicians to impose additional taxes on Americans.
Why do you think lower prices are bad?
If you want to see what an industry looks like when American firms are protected from competition, just look at the US healthcare industry. The workers in the US healthcare industry have job security, high wages and benefits. This is great for the 20 million or so working in the healthcare industry, but it's a disaster for the other 310 million people in the US.
True america only has a piss poor FTA with its immediate neighbors and a few poor countries. You do not have an open market as such.And how would you describe my example? It's not an open market.
Don't start taking about Americans producing cheap textiles for the Chinese. I am already worried that will be the result of this race to the bottom. If we don't get major wage increases soon Chinese wages will pass ours and we will be making cheap tube socks to export. I think that future is appealing to the 1% now.American made garments for 100's of years, it can do so again. People should know the difference between quality and low grade. Everything modernizes, but when people are paid low, they search for cheap things, when they are paid a living wage, they search for quality things.
We have more people today, paying overly high price for low grade goods with marquee labels, when America can learn to respect its own designers and make quality goods, and pay people a living wage, they will do well. NO BUSINESS SHOULD BE IN THE GET RICH QUICK AGENDA, and Companies should manage themselves and not try to get too big when they don't have the market share, and certainly don't go "public" without understanding WHY the stock market was created in the first place. (it was to support a companies STABILITY, RESEARCH AND DEVELOPMENT, AND MANAGED GROWTH. It was NEVER designed to pay Executives 300+ time more than actual production employees earn. When any company have to produce 100's of thousands or maybe even millions of products, just to pay the "executive", the "board of directors" and provide them with perks, golden parachutes and stock options... its no wonder public traded companies suffer.
Business that remain independent, and take pride in their product and grow with time, find they can prosper, but if they get the idea of "get rich quick" they will do what so many have done, is allow take over, and/or go public. Not every type of company is suitable to be listed on the Stock Market Platform.
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IN-N-OUT Burger, does very well, maintains it quality standards, and has a great product and they did not go public, they don't over expand, and they don't go for low grade ingredients and they don't change their menu chasing the fictions of advertisements.
- In-N-Out Burger has chosen not to franchise its operations or go public; one reason is the prospect of quality or customer consistency being compromised by excessively rapid business growth.