Service jobs aren't going to pay for all those mortgages.
2006-12-26 02:51:11 · 7 answers · asked by Captain Tomak 6 in Business & Finance ➔ Corporations
So what are some solutions to the de-industrialtion of the US?
2006-12-26 02:57:05 · update #1
We are actually screwing our own future by not adding new factory or product manufacturing. Can we? Yes, Will we? I don't know. If we continue to pay "Union" wages and lose money at what we make then we are surely doomed. the other half of it is that we give away any technological edge that we have.
2006-12-31 15:47:28 · answer #1 · answered by Clamdigger 6 · 5⤊ 0⤋
What the problem is Cappy, is that the erosion of the industrial base we had is contributing severely to the disappearance of the American middle class.
Since the Industrial Revolution in the early 1900s, we have built a strong, large, middle class of wage earners. This large tax base and source of economic power has produced a country with companies very prosperous and even more jobs.
The erosion of the industrial base has forced a labor movement into service jobs which are less pay, more hours, etc. The results are sad, given the number of illegals taking low-pay jobs, and our companies sending jobs overseas.
If nothing is done to reverse the flow of illegals into our country, and the flow of jobs out of the country, we will be a 4th-world country in another 50 years.
2006-12-26 11:04:09 · answer #2 · answered by snvffy 7 · 1⤊ 0⤋
No in fact no country can and no country ever has for very long.. You can think of a country as a large business that is in business to make a profit.
If said country imports more than it makes and sells it is going to be losing money. THE TRADE DEFICIT! And no country can survive financially very long like that.
A good example of that is what happened to the Soviet Union back in the eighties.
Another good example if that is what happened to Germany after World War I,
No country as a whole can keep spending more that what it makes as a whole. If it does it's economy will collapse. Then the government will collapse.
And right now thanks to a certain "Big Box" store which gets 90% of it's merchandise from China this country's economy is in danger of collapsing in the future.
Not only that as it stands right now "Thanks to that certain Big Box Store" this country can not cloth itself if China and India cut off trade with us.
2006-12-26 11:06:12 · answer #3 · answered by JUAN FRAN$$$ 7 · 1⤊ 0⤋
As long as Americans are working and taxes are taken out. The USA will survive.
2006-12-26 10:53:21 · answer #4 · answered by sunflare63 7 · 0⤊ 0⤋
actually the number of industrial factories has been declining. however, the sizes of the existing factories have been growing.
i will say the industrial base is centralizing, but i do not think that it is necessary weak
2006-12-26 12:43:57 · answer #5 · answered by Anonymous · 0⤊ 0⤋
No... raw materials aren't plentiful. Neither is electric power production or even safe drinking water.
2006-12-26 10:54:20 · answer #6 · answered by Audio God™ 6 · 0⤊ 0⤋
Yes, and It's been done before, you forgot.
2006-12-26 10:58:13 · answer #7 · answered by elliebear 7 · 0⤊ 0⤋