More American Factories Closing

Discussion in 'Economy' started by hvactec, Aug 22, 2010.

  1. hvactec
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    hvactec VIP Member

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    Many of those factories, with the help of America’s lackadaisical free trade policy, have relocated to China, Mexico or India, where labor is cheap and environmental regulations are almost non-existent.

    America has been losing manufacturing capacity, jobs and precious technology for decades as the nation transitions to a more service-centric economy, but the worst economic crisis since the Great Depression has only hastened the transition, causing factories across the nation to permanently close their doors.

    Others are simply shutting down factories and consolidating production in a move to cut costs and remain competitive with multinational companies with large, cheap Third World workforces.

    Full story More American Factories Closing | Economy In Crisis
     
    Last edited: Aug 22, 2010
  2. PoliticalChic
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    PoliticalChic Diamond Member

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    I see the problem that you are addressing, ...but the days of this nation aren't quite numbered yet:

    1. The US is the 3rd largest exporter of goods (8.3%) , after Germany ( 9.5) and China (8.7)
    2. The US is the largest exporter of services (13.9 %) followed by UK (8.3) and Germany ( 6.6)
    3. Taken as a total of goods and services, the US is more than twice as prolific as the next nearest nation.
    About the International Trade Administration


    This may be a bit out of date, but not useless.
     
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  3. Neubarth
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    Neubarth At the Ballpark July 30th

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    From a standpoint of being twice as productive as Communist China, we are doing very, very well. Consider they have four times out population with which to produce product and are only half as good as we are.
     
  4. uscitizen
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    uscitizen Senior Member

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    Umm what happened to us being number one in everything?
     
  5. rdean
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    rdean rddean

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    I suspect that many of those factories weren't operating at less than a profit.

    But when one moves to China and then floods our markets with cheap goods, suddenly the others can't compete. That's what we have"government" for.

    Destroy the American Middle Class and watch the economic disaster 'TRICKLE UP".
     
  6. uscitizen
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    uscitizen Senior Member

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    Hershey moved to Mexico.

    Kinda hard for me to boycott Hersheys chocolate though....
     
  7. uscitizen
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    uscitizen Senior Member

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    The business models to keep the stock gamblers happy is that profit must keep increasing.
    In a pretty much saturated market the only way to do that is cut costs. Or find a way to access tax dollars.
     
  8. rdean
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    rdean rddean

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    That's the job of "government". To "manage" things which are in the best interest of the country.

    When Bush and the Republicans replaced EPA and OSHA regulations with "Volentary Compliance" early in his first term, there with an immediate jump of hundreds of billions in corporate profits.

    However, the cost of safety was transferred to tax payers because of an increase in injuries. Paying off the dead and damaged was cheaper. But who wants to be one of the dead or damaged?

    And if that was such a good philosophy, then why not make "speed limits" voluntary compliance? Or "baby food"? Let the "market" sort it out. When you start putting it into those "real" terms, suddenly, you want regulation and safety that makes sense.
     
  9. PoliticalChic
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    PoliticalChic Diamond Member

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    And, it's all about the service sectors:

    Germany's primary economic problem isn't that they country exports too little, but that its own consumers don't spend enough, which holds back its domestic service sectors, many economists say.
    "Service sectors are more important for jobs that export industries, which tend to be very capital-intensive," says Elga Bartsch, an economist at Morgan Stanley in London.
    ¬óBrian Blackstone and Andrew Batson contributed to this article
    China Dethrones Germany as Top Goods Exporter - WSJ.com
     
  10. uscitizen
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    uscitizen Senior Member

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    We need to get all our baby food from China.
    or do we already?
     

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