Sunday, December 14, 2008

Why the US is not competitive with China in manufacturing



As you can see from the video, Chinese workers live like rats and make a whopping $300 a month working burnout hours. If we want to live in third world conditions, we can compete on a level cost structure too! If we are going to have a global labor market, then we must accept living like the rest of the world does: in crushing poverty. Free trade in labor does not help Americans because we cannot compete on costs with third world nations, so we either have to accept slave wages or give up manufacturing, or some combination of both. Either way our standard of living must fall as convergence of wages comes closer and closer.

1 comment:

SassyDefiance89 said...
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