QUOTE(euro911 @ Apr 13 2015, 01:58 PM)
Competition as we used to know it doesn't play today. How can American manufacturers, with American workers on American soil, compete with the extremely low wages paid workers in Asian and South American countries?
Yeah, that's what they never told you when they were negotiating all those "free trade" agreements. But it's not all bad, really. The whole concept of "globalization" means that Chinese guy's salary will increase, and ours probably decrease, until the whole world's on a more even basis. But it isn't all bad, because we're also big consumers, and if we ever get poor and can't buy any more then that Chinese guy's going to lose HIS job, and so on until we find equilibrium. You can say that's a bad thing but I don't think so, it's just different. Things always change, always have changed, always will change. So things will be different, and I think, overall better.
QUOTE(euro911 @ Apr 13 2015, 01:58 PM)
The prices of imported products will eventually increase to the price level of American made products, and by then we will no longer have the work force, facilities or tooling in place to correct the problem.
You COULD look at it that way, but to be consistent you'd have to be sad we don't ride horses any more so the buggy whip industry disappeared. And vacuum tubes. Things will change, sure, but why do we have to make steel ,for example? You need steel, of course, but Nevada doesn't make steel, and they're doing OK. (well...) And Nebraska doesn't grow oranges or make computers, but they're doing alright. Heck, I think big steel mills are largely gone from England, but they're still making cars. And so on. You don't HAVE to have heavy industry to prosper, or high tech, or banking services, and so on. Americans are smart, ambitious, and tough. Things will be different, sure, but they'll be fine. We'll, except for pollution, global warming and zombies. Those are some sticky problems.