I have destroyed you twice already
please show best example or admit you lack the IQ to be here.
As I have already asked you at least 5 or 6 times already in the last two weeks...
Please provide CONCRETE examples of Products/Services from China that prove your Best Price/Quality along the Poor, Middle Class and Wealthy spectrum.
Quality is a trade off of cost. Obviously if you pay workers less money, you can divert that funding to improved quality of the product. And equally, if you are forced to pay workers more money, then you by necessity, have to divert less money to the quality of the product.
You see this in the fast food industry today. As the price of labor goes up, the serving sizes go down. That continues until people are willing to pay more money for a larger serving, and then the sizes go up with price.
Both of those are "large" drinks. One was before 2007, when the minimum wage started going up. And the other was after 2009.
I think you can figure out which is which.
Now when you have a competitive market, and Unionized wages can't adjust with the market, the result is that something has to give. And normally if you can't cut wages to match market reality, then you have to cut something else. And generally there is nothing else to cut, but the quality.
Little over a year ago, I had to buy tires for my car. My first option, was always Goodyear. Good American company, long term history, good product, American Made. Blaw blaw blaw.
Just one problem. I always check the reviews. Looking at the tire in my price range that fit my car, I found complaint after complaint. Bad quality, problems, tires losing air, becoming crap in under 2 years. And the complaints were not limited to one single forum either. I found them everywhere.
So looking around, I found a Uniroyal tire, same fit and price range, nothing but positive reviews, not a single complaint, and..... imported.
Which would you buy? I bought the imported.
And by the way, for those of you who think that protectionism will fix this.... Obama passed a tire tax on imports for China. Did that fix everything? Nope, not at all.
Obama's Half-Truth On China Tire Tariffs
What happened was, yes tire imports from China fell. They did in fact fall. But imports from Canada, Japan, India, and Europe, all went up. By the way... even Europe.... where wages are not $2 a day.
Point being, as I've said a million times, the solution is not to try and penalize others so we prosper. The solution is to reduce regulations, taxation, and labor costs, so we can compete more. Not hope they compete less.