Corporations like Wal-Mart have forced their suppliers to lower their prices so much that they are forced to move to China. Because of this, a sizeable portion of former well paid, blue collar, manufacturing jobs have been lost.
It really is hard to find anything made in America now a days.
2007-08-06 17:59:31 · 9 answers · asked by trovalta_stinks_2 3 in Politics & Government ➔ Politics
It was a terrible thing for the UK during the middle of the 20th Century, and it took them 50 years to recover. As for the US, we had an economy built on enormous resources, but today we are using those resources more quickly than we are replacing them.
The loss of blue collar jobs is making us more and more like other countries - the rich get richer and the poor get poorer. The middle class disappears. It is apparent to me that we need to change our assumptions that every generation is going to have it better than the one who preceded it. We have to learn to compete for production with the world market, not just consume, and we are nowhere near understanding how much of an edge we are losing to China.
2007-08-07 04:48:00 · answer #1 · answered by Buffy Summers 6 · 0⤊ 0⤋
It will lead to the destruction of people who are not independently wealthy!!
If things continue on this path within 20 years the U.S. will look much like Saudi Arabia.
The have's and those who serve them!
That's part of the reason why companies like Wal-Mart exist. Soon that will be the only place millions of Americans will be able to afford to shop!
2007-08-06 18:49:04 · answer #2 · answered by Anonymous · 2⤊ 0⤋
Yes, and it's a sad state of affairs. Now China, whom clinton made "most favored nation that wants to destroy us" our main supplier of cheap, dangerous junk and crappy goods. Now they are shipping poison human and animal foods, poisoned children's toys, self destructing electronics, etc., etc. NAFTA, another clinton curse, made businesses run across the borders for cheap labor, job stealers to flood into our country, unions are pricing themselves under, and the list goes on. America was once a land of inventive, industrious, hard working people that supported themselves. Now, everybody seems to think the government owes them a 'living', and there are those in govt. that wants that to happen. A nanny state isn't the answer to America's problems, it IS the problem! Liberalism, progressivism and socialism are going to ruin this nation unless we reject them and stand up for what's right instead of all the wrong things.
2007-08-06 18:26:41 · answer #3 · answered by ideamanbmg 3 · 0⤊ 1⤋
Yes.
We have effectively pretty much decimated our manufacturing base. All for cheap products and big profits.
This is short sighted greed and may well came back at a time of crisis to bite us on the azz.
2007-08-06 18:04:43 · answer #4 · answered by LeAnne 7 · 3⤊ 0⤋
The Media do not yell recession. everybody who retains even a imprecise eye on the inventory fees can see they have been slipping for a whilst now and the media are only reporting that
2016-11-11 10:34:32 · answer #5 · answered by ? 4 · 0⤊ 0⤋
If you ever go to an airport count the 747 has compaired to the airbus Concorde or the A380 We are the leader in technology They know it and hate it
2007-08-06 18:17:49 · answer #6 · answered by Anonymous · 0⤊ 1⤋
It is bad
Because China is SMArT with gabage products
2007-08-06 18:50:01 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes, it is a very bad thing.
2007-08-06 18:02:43 · answer #8 · answered by barry c 4 · 2⤊ 0⤋
yup, especially if we goto war with the people who are building them.
2007-08-06 18:02:13 · answer #9 · answered by avail_skillz 7 · 2⤊ 0⤋