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Post by fredorbob on Mar 8, 2010 5:23:04 GMT -6
Or Mexican products.
They are not cheaper, they are more expensive.
I'm not talking some nebulous concept like, "oh they are more expensive in the long term from job losses," i'm talking the price the consumer see's at the store.
Every industry which has been outsourced has seen it's product's price go up.
Even you guys say this, I don't know if it is unconcious or not.
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Post by jeffolie on Mar 8, 2010 11:21:37 GMT -6
Outsourced products are made with labor costs that are hugely cheaper than those made with American labor costs. Asian and Mexican low labor costs combined with foriegn countries permiting harsh production methods and currency manipulations have driven half of what was domestically manufactured outside of America.
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Post by fredorbob on Mar 9, 2010 3:51:02 GMT -6
Outsourced products are made with labor costs that are hugely cheaper than those made with American labor costs. Asian and Mexican low labor costs combined with foriegn countries permiting harsh production methods and currency manipulations have driven half of what was domestically manufactured outside of America. But they are not cheaper to the CONSUMERRRRRRRRrrrrrAH. I don't care about production cost. The rich investor collects the profit from cheap foreign labor, not the consumer.
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Post by unlawflcombatnt on Mar 9, 2010 11:44:52 GMT -6
Outsourced products are made with labor costs that are hugely cheaper than those made with American labor costs. Asian and Mexican low labor costs combined with foriegn countries permiting harsh production methods and currency manipulations have driven half of what was domestically manufactured outside of America. But they are not cheaper to the CONSUMERRRRRRRRrrrrrAH. I don't care about production cost. The rich investor collects the profit from cheap foreign labor, not the consumer. Exactly--at least not in the long-run. Some Chinese-made goods are "cheaper" in the store initially, but have to be replaced more often, thus negating the lower initial cost to the consumer. And the offshoring of the service centers to cheap foreign labor markets reduces their value as well, since foreign service reps are less likely to approve a replacement request, since talking to them is cheaper than replacing the malfunctioning device. (Just try getting Hewlett-Packard to honor a replacement guarantee on a printer, and you'll see exactly what that "guarantee" really amounts to--unlimited phone time with "Raj" about the 897 different things you can do to try and fix it.)
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Post by fredorbob on Mar 10, 2010 5:19:46 GMT -6
I don't think that is true either. On average everything (even from China) is both more expensive and of lesser quality. Except complex computer hardware, which is manufactured in the 1st world.
Everything has gone up in price, especially those items which were manufactured outside of the US.
If it were simple inflation than wages would have gone up also, but wages have not gone up. Cheap foreign labor is more expensive than American labor.
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Post by jeffolie on Mar 10, 2010 11:16:41 GMT -6
European and Americans ignored critics such as Jerry Goldsmith long ago that this would happen. This is bad politics making bad economics.
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