Who thinks many corporations are betraying this country by moving to China?

Question

All this talk about China becoming the next superpower is simply due to the trade agreements made back in the 90's making China open for OUR corporations and factories to move over there. Walmart gets its goods from China true, but these are factories that were here before. It is comparable to the illegal aliens coming here and working harder for less, these corporations dont care aobut anybodys right to earn a descent living. No regulations on their actions!

Answer 1

It's because of the simple law of Economics. Profit is the main driving force for corporations to operate. In order for any product to sell on the market, its price must be competitive against similar competing products. In order to maintain reasonable profit margins while keeping the price still competitive, production costs must be reduced. Many U.S. corporations are therefore moving their factories to China and other foreign countries, where the production and labor costs are cheaper. If these factories operated within the U.S., the production and labor costs cannot be cheap as you cannot reduce the salaries of employees and factory workers.

This is the sad effect of a global market economy.