how much money are we really saving by importing things from China when we can make it here ourselves?

Question

How much would it cost to move china factories to the U.S.?

please give details, web sites, etc.

Answer 1

most of the last few years' increases in US productivity are due to foreign trade -- they sell us what is cheap to produce there and we sell them things like airplanes.

So, the current value of that is around 10% of the total US economy or 1.3 trillion per year saved. [one percent per year for 9 years]

Your share then would be 1/10th of your pre-tax total income.

Answer 2

You are not saving anything. In fact it is costing you.

How many factories and factory workers are now on the unemployment line because Wall Mart wants to sell things cheaper. And the real cause of the problem is that we want to buy things cheaper. The truth is that they are simply cheaper things.

Buy things with the Made In America tag on them, or don't buy the product. You may pay a little more, but it will help your own economy.

Read what Abraham Lincoln's response was when someone asked him if they should buy the less expensive English railroad ties, or the higher priced domestic ones.

Some things are no longer made here. TVs and other commodity items. But read the label on everything and buy a domestic shirt, shoes, car, boat, food, dishes, etc.......

Cheers.

Answer 3

Actually. It is flabbergastingly big. What would cost 3$ (just saying any amount) to manufacture in the US. It would cost 0.30 to produce abroad. Now all you need is to multiply each one times a million and compare. (what would cost you 3 million to produce here could cost you only 300 thousand. Your savings are 2.7 Million)
Just look at the salary comparison. some countries go as low 7.00$ A MONTH. Its sad but most of the Enterprises (big companies) produce abroad to cut costs.
It's sad but its true............