How Was Sending 2.3 Million Jobs To China Good For The U.s. Economy?
Posted by China Sourcing CommentatorNov 22
The reason why it was done was because they don’t have labor laws in China so it is cheaper production so that gives the company a competitive advantage over companies who have American employees. If all the things you buy were made in the US from US companies it would cost more but all the jobs would still be here and wages earned on those jobs would have been spent here in America. So it was only good to outsource the jobs for the people who owned those companies.
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It wasn’t — Bill Clinton and his Democrat and Republican cronies opened up free trade with China Too Much…..
We have effectively transferred our production capacity to China weakening our country’s military and industrial strength…..
The only ones to really blame are the voter’s themselves…. They overlooked this and rarely complained…..
So in short — enjoy your ride to the unemployment office in your Hyundai…..
We the people brought this on ourselves by letting our congress ok this and by buying made in China products…..
Outsourcing is not a good idea because it has two main problems.
~It causes the US to become dependent on foreign energy.
~It also depletes the amount of durable goods produced in the US.
If you are looking for the positives we spend less on labor.