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Manufacturing in China shutting factories in USA


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And that's the problem. There is no shortage of people ready to complain that cheap Chinese imports are putting them out of a job, but few of them stand in line to buy locally-produced items at 3 times the price.

 

Didnt know we make Led 3d TV, Ipods cant think of much that has make in uk nowadays

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Already estimated that China could be the worlds No1 economy within 20 years. As the say, money now flows from the west to the east. Unfortunately, China and other eastern economies are also out stripping the west in terms of education. China now produces 100 degree educated Engineers to our one. The average earnings for an engineer is $1 US dollar/per Hr. Thats why manufacturing hot foots it over thier as there is a plentyfull workforce that is well educated and still low paid.

 

One of the reasons an old engineering company I used to work for had to close and relocate to China. Couldn't compete over here at all.

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I remember reading about seafood that was caught off Scotland, transferred to Hull, shipped to Rotterdam, shipped again to the Far East. Prepared in the Far East, then Shipped back to the UK via Rotterdam.

 

The food manufactures did this because it was cheaper than preparing the food here!

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the trend's going to have to continue until some kind of equilibrium is reached world wide about wages, prices etc. this is going to take a while. and the BRIC countries are going to want and will take much more before this happens. unfortunately no country can really legislate to protect its own workforce etc as long as there's competition from elsewhere.

one way is to push the wages here way down to compete with Singapore or china. but that's never gonna happen, is it.

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As the Chinese economy grows and prosperity increases the workers will no longer be content with low wages and will demand more and more as the years go by. They will go the same way as Japan did which started off with cheap labor and products back in the mid 1950s. So sooner or later they will be forced compete with other manufactruing nations.

 

By that time the average American will no longer own his own home but live in a large block of flats, work for McDonalds or Mister Steaky, earn 15 dollars an hour and with gasoline prices at 8 dollars a gallon only be able to afford to drive his cheap crackerbox of a car at weekends. College and university education will only be a luxury enjoyed by the rich and the engineers and scientists all immigrants from China, India and other parts of Asia, just as now 85 percent of doctors, nurses and dentists are all from Asia as Americans can no longer afford to pay for their kids through medical and dental college.

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As the Chinese economy grows and prosperity increases the workers will no longer be content with low wages and will demand more and more as the years go by. They will go the same way as Japan did which started off with cheap labor and products back in the mid 1950s. So sooner or later they will be forced compete with other manufactruing nations.

 

By that time the average American will no longer own his own home but live in a large block of flats, work for McDonalds or Mister Steaky, earn 15 dollars an hour and with gasoline prices at 8 dollars a gallon only be able to afford to drive his cheap crackerbox of a car at weekends. College and university education will only be a luxury enjoyed by the rich and the engineers and scientists all immigrants from China, India and other parts of Asia, just as now 85 percent of doctors, nurses and dentists are all from Asia as Americans can no longer afford to pay for their kids through medical and dental college.

 

Europe Canada USA Australia and New Zealand should exclude everyone else from their markets (Tariffs).

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