Rigby5
Diamond Member
You have no idea what you're talking about. It had nothing to do with China, it had to do with the American consumers. Business conducts itself based on consumer demand. By the late 70s, unions got so strong that the price of items were ridiculous. We dropped our solidarity with unions and American workers for less expensive products. With the unions and their strength from government, industry had no choice but to leave the state or country to produce the products Americans wanted. That's how Walmart's started to pop up everywhere.
Both arguments sound reasonable, except that wages are not even 30% of the cost of goods, and Chinese goods require adding on all that shipping cost.
So then I have to agree with Donald H, that is was US corporate greed and stupidity.
And by stupidity I mean that once the Chinese are hired to start making US goods, very quickly they don't need the original US company any more, and they will steal the technology and cut out the US companies entirely.