- Banned
- #21
That is, unless Americans start working for 40 cents an hour.
the target wage is currently about $4/hr with no benefits. It costs to ship things from China to here.
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That is, unless Americans start working for 40 cents an hour.
the target wage is currently about $4/hr with no benefits. It costs to ship things from China to here.
Eight percent unemployment means 92% full employment and all things considered, that's not half bad.
They will however expect a college degree for the $4/hr wage.
They will however expect a college degree for the $4/hr wage.
The reason is Uncertainty.
The uncertainty has been created by our current administration.
It is up to you to find the uncertainties or prove they do not exist.
Please provide a reliable source, no blogs or political web sites.
Good Luck
Jobs are created when new busnesses are created or existing ones are expanded. So, how do we make that happen? Businessmen, entrepeneurs, investors, all of them have to believe that risking their time and money will be worth the risk. And as we all know, that means sufficient demand at a price that exceeds costs that yields enough profit. That is why demand is not enough; if the price is too high due to the costs of production then more demand will not create many new jobs, if any at all.
That is why many believe the supply side of the equation must also be addressed. Lowering costs to arrive at a lower price that is profitable enough can create it's own demand. You know what happens when something goes on sale and the price is reduced? People buy more of it, and demand is increased.
So - there you are. You want more jobs, try supply side economics. One thing is for sure, stimulus/demand hasn't worked too well lately.
Jobs are created when new busnesses are created or existing ones are expanded. So, how do we make that happen? Businessmen, entrepeneurs, investors, all of them have to believe that risking their time and money will be worth the risk. And as we all know, that means sufficient demand at a price that exceeds costs that yields enough profit. That is why demand is not enough; if the price is too high due to the costs of production then more demand will not create many new jobs, if any at all.
That is why many believe the supply side of the equation must also be addressed. Lowering costs to arrive at a lower price that is profitable enough can create it's own demand. You know what happens when something goes on sale and the price is reduced? People buy more of it, and demand is increased.
So - there you are. You want more jobs, try supply side economics. One thing is for sure, stimulus/demand hasn't worked too well lately.
Supply does NOT create demand.
One of the pillars of Lean Manufacturing is keeping inventories LOW. You create product ONLY when its needed and not before. Creating supply without specific demand is WASTE and thus does not add value to the product. This is a fundamental pronciple that has been guiding our manufacturing base for the last twenty or more years.
I have a customer that orders about 5000 parts every six months. I do not manufacture those parts until the next order comes in. Storing the parts takes up space and costs me money. I only manufacture what is ordered. Or another example...go to a company with a really great idea for a product. If they dont see a demand for it, it doesnt get manufactured. they diont make something saying if we price it cheap enough people will buy it.
DEMAND creates SUPPLY.
Jobs are created when new busnesses are created or existing ones are expanded. So, how do we make that happen? Businessmen, entrepeneurs, investors, all of them have to believe that risking their time and money will be worth the risk. And as we all know, that means sufficient demand at a price that exceeds costs that yields enough profit. That is why demand is not enough; if the price is too high due to the costs of production then more demand will not create many new jobs, if any at all.
That is why many believe the supply side of the equation must also be addressed. Lowering costs to arrive at a lower price that is profitable enough can create it's own demand. You know what happens when something goes on sale and the price is reduced? People buy more of it, and demand is increased.
So - there you are. You want more jobs, try supply side economics. One thing is for sure, stimulus/demand hasn't worked too well lately.
Supply does NOT create demand.
One of the pillars of Lean Manufacturing is keeping inventories LOW. You create product ONLY when its needed and not before. Creating supply without specific demand is WASTE and thus does not add value to the product. This is a fundamental pronciple that has been guiding our manufacturing base for the last twenty or more years.
I have a customer that orders about 5000 parts every six months. I do not manufacture those parts until the next order comes in. Storing the parts takes up space and costs me money. I only manufacture what is ordered. Or another example...go to a company with a really great idea for a product. If they dont see a demand for it, it doesnt get manufactured. they diont make something saying if we price it cheap enough people will buy it.
DEMAND creates SUPPLY.
" If they don't see a demand for it, it doesn't get manufactured."
But the perceived demand is based on the price they'll have to charge to make a reasonable profit. The higher the price has to be, the less demand you can expect.
" they dont make something saying if we price it cheap enough people will buy it. "
I guarantee you they will say if we can't make this cheap enough, people won't buy it. That is why the supply side cannot be ignored.
Supply does NOT create demand.
One of the pillars of Lean Manufacturing is keeping inventories LOW. You create product ONLY when its needed and not before. Creating supply without specific demand is WASTE and thus does not add value to the product. This is a fundamental pronciple that has been guiding our manufacturing base for the last twenty or more years.
I have a customer that orders about 5000 parts every six months. I do not manufacture those parts until the next order comes in. Storing the parts takes up space and costs me money. I only manufacture what is ordered. Or another example...go to a company with a really great idea for a product. If they dont see a demand for it, it doesnt get manufactured. they diont make something saying if we price it cheap enough people will buy it.
DEMAND creates SUPPLY.
" If they don't see a demand for it, it doesn't get manufactured."
But the perceived demand is based on the price they'll have to charge to make a reasonable profit. The higher the price has to be, the less demand you can expect.
" they dont make something saying if we price it cheap enough people will buy it. "
I guarantee you they will say if we can't make this cheap enough, people won't buy it. That is why the supply side cannot be ignored.
No.
A pile of XXXX is a pile of XXXX even at bargain basement prices. No one is demanding piles of XXXX.
???? The quality of the product or service is also part of the supply side, and influences the price if it does not provide enough value for the money. Even a high quality product will not sell if it is priced too high.
And supply side economics ( giving money to job creators to create jobs ) can work but not give the dersired result. It will ONLY work in a closed system. The closed system is now GLOBAL not national. Therefore, giving tax breaks WILL create jobs, but those jobs will be in Singapore, or Guatamala.
Supply Side economics is obsolete.
" If they don't see a demand for it, it doesn't get manufactured."
But the perceived demand is based on the price they'll have to charge to make a reasonable profit. The higher the price has to be, the less demand you can expect.
" they dont make something saying if we price it cheap enough people will buy it. "
I guarantee you they will say if we can't make this cheap enough, people won't buy it. That is why the supply side cannot be ignored.
No.
A pile of XXXX is a pile of XXXX even at bargain basement prices. No one is demanding piles of XXXX.
???? The quality of the product or service is also part of the supply side, and influences the price if it does not provide enough value for the money. Even a high quality product will not sell if it is priced too high.
And supply side economics ( giving money to job creators to create jobs ) can work but not give the dersired result. It will ONLY work in a closed system. The closed system is now GLOBAL not national. Therefore, giving tax breaks WILL create jobs, but those jobs will be in Singapore, or Guatamala.
Supply Side economics is obsolete.
Supply side economics does not mean giving money to anybody. It's about creating an environment where business can flourish, doesn't have to be subsidies and tax breaks. And your notion of a closed system is a non sequitor, we do not live in a closed system and are not likely to. If we do not improve the supply side first, no amount of stimulus is going to make a permanent difference.
No.
A pile of XXXX is a pile of XXXX even at bargain basement prices. No one is demanding piles of XXXX.
???? The quality of the product or service is also part of the supply side, and influences the price if it does not provide enough value for the money. Even a high quality product will not sell if it is priced too high.
And supply side economics ( giving money to job creators to create jobs ) can work but not give the dersired result. It will ONLY work in a closed system. The closed system is now GLOBAL not national. Therefore, giving tax breaks WILL create jobs, but those jobs will be in Singapore, or Guatamala.
Supply Side economics is obsolete.
Supply side economics does not mean giving money to anybody. It's about creating an environment where business can flourish, doesn't have to be subsidies and tax breaks. And your notion of a closed system is a non sequitor, we do not live in a closed system and are not likely to. If we do not improve the supply side first, no amount of stimulus is going to make a permanent difference.
Guys, I think you both had it right but didn't realize it. Lowering the cost of goods produced... how do you do that? One way is by lowering the cost of doing business. It can be be (gasp) lowering taxes on businesses and investement, or by lowering cost of regulations. Basically, if it costs less to do business in the US, we will have more businesses here. That's a great place to start. If that doesn't do it, then we can look deeper, but we NEED to welcome our businesses first, not push them away.
Supply side economics does not mean giving money to anybody. It's about creating an environment where business can flourish, doesn't have to be subsidies and tax breaks. And your notion of a closed system is a non sequitor, we do not live in a closed system and are not likely to. If we do not improve the supply side first, no amount of stimulus is going to make a permanent difference.
Guys, I think you both had it right but didn't realize it. Lowering the cost of goods produced... how do you do that? One way is by lowering the cost of doing business. It can be be (gasp) lowering taxes on businesses and investement, or by lowering cost of regulations. Basically, if it costs less to do business in the US, we will have more businesses here. That's a great place to start. If that doesn't do it, then we can look deeper, but we NEED to welcome our businesses first, not push them away.
We could totally eliminate business taxes and regulations and that would do nothing to change the fact that cheap foreign labor costs a fraction of it's American counterpart.
Guys, I think you both had it right but didn't realize it. Lowering the cost of goods produced... how do you do that? One way is by lowering the cost of doing business. It can be be (gasp) lowering taxes on businesses and investement, or by lowering cost of regulations. Basically, if it costs less to do business in the US, we will have more businesses here. That's a great place to start. If that doesn't do it, then we can look deeper, but we NEED to welcome our businesses first, not push them away.
We could totally eliminate business taxes and regulations and that would do nothing to change the fact that cheap foreign labor costs a fraction of it's American counterpart.
But we can also set up a business climate to make it much more profitable and attractive to do business in the USA too. For certain, a hostile business climate in the USA is not going to encourage more business, more jobs, and/or more domestic prosperity.
We could totally eliminate business taxes and regulations and that would do nothing to change the fact that cheap foreign labor costs a fraction of it's American counterpart.
But we can also set up a business climate to make it much more profitable and attractive to do business in the USA too. For certain, a hostile business climate in the USA is not going to encourage more business, more jobs, and/or more domestic prosperity.
That was exaclty my point. Due to exchange rates, COMPETITION, and other factors, pay rates may always be cheaper overseas. So instead of whining about how unfair it is, or blaming (insert politician here) for it, simply realize that it's a competitive world out there and we, as a country, need to compete. Making the US more business friendly is a great start, and something we simply don't do currently. We need to change the things we can...