Quote:
Originally Posted by Jet Gorgon  ^ You been on those eucalyptus leaves too long, Panda.
Blue collar workers are unionised and are bleeding companies dry with their wage and benefit demands.
China is surging from the differential in wages and costs with their export destinations and the Western cos who set up shop there. But this is eroding.
Capitalism is built on people with ideas who build companies that create jobs and make money. Low-paid workers do not create the capital base; they are the ant workers. No companies, no bladdy jobs. Go get a paper route. |
Apart from your opening and closing insults and erroneous inference that its the unions fault US exports are falling, you seem to be a little confused. On one hand you state that the "ant workers" as you call them, do not create a capital base. And by capital base I assume you mean the $ capital a company operates on. Then on the other hand you say that China is surging because of the differential in wages.
You don't have to be Einstein to figure out that China is out competing western manufacturers in many areas because they have a large and very low paid workforce with poor living standards, --controlled by some very rich entrepreneurs. Whining about the unions and throwing money via tax breaks or hand outs at the failing companies in USA (or elsewhere) wont create jobs in globally uncompetitive industries and certainly wont benefit the country.
A few decades ago the US had a major trade surplus between imports and exports. Over the past few decades that surplus has dwindled to the barely break even point. And thats not even considering GWBs blow out in national debt to finance his excesses. Once a country imports more than its exporting it goes into a debt cycle that just gets deeper and deeper. A lot like you or I spending more than we earn and making up the difference with a credit card. It is a downward spiral that ends in bankruptcy.