Topic: China destroying American economy >>>>?? (Read 807 times)
I don’t see this as an intentional activity, it’s a pure competition. Today each and every company is looking to give maximum customer satisfaction and for that the price factor is one of the major elements. If a company is getting comparatively low cost of production in one country rather than existing country then why company won’t move? China is a labor specialized country and India is also emerging as a hot destination for investment so there is growth opportunities in such countries and which attracts foreign investors/companies to start manufacturing at comparatively low cost rather than US, UK etc.
In the last decade over 50% U.S companies have transfered their production houses to China for cheap production..........
That is the beauty of world trade.
Production has shifted to places where it can be done efficiently.
Global trade creates wealth. Some jobs have been lost but more have been gained.
Great redistribution of wealth with the new money fighting against the old money. Earlier, pandemics solved the problem of overpopulation and natural selection, now the same task is fulfilled by huge cities where people just don't propagate. World wars carried out the task of wealth destruction and redistribution, now the same is done by global trade and instantaneous capital outflows...
And any national state that doesn't get in or fit in may quickly follow the route of North Korea
In the last decade over 50% U.S companies have transfered their production houses to China for cheap production..........
That is the beauty of world trade.
Production has shifted to places where it can be done efficiently.
Global trade creates wealth. Some jobs have been lost but more have been gained.
No, entirely wrong. Americans are destroying the American economy. Nobody forces American companies to produce in China. But they do it, since production is cheaper and they can offer cheaper products which Americans want to buy. If Americans would either...
The last capitalist we hang shall be the one who sold us the rope. Karl Marx
Profits always trump prophets
In the last decade over 50% U.S companies have transfered their production houses to China for cheap production..........
It's not necessarily destroying the US economy, it's just taking a lot of jobs away from the states and having them be performed by people who are able to afford to live on much smaller wages than those in most western countries. I will agree, though, that this is adding onto the trade deficit the US has because of the importing of the completed goods.China has been smart. They're taking a lot of money from the US and other countries and now they're a contender for a global superpower, if they aren't one already. They have a lot of money with a fair amount of people working low-wage jobs, and now they have the capacity to start expanding what they can do and learning more things and discovering things and so. I'm really interested to see where all of this ends up going, because China could seriously compete or dethrone the US as the main superpower in the next decade or two.
i dont think so, China is not destroying any country's economy, they are just increasing and developing their own economy, it is a fact that china is emerging as a new Economically developed country of the world, and it is now going to rule over the all the market of the wold and America cannot bare that,
maybe that can be true but i see it on other side.amarica is getting profit by saving some money
I dont how its is profitting U.S because is not getting any taxes and no cheap products......shipping also costs some moneyBecause Chinese workers' salary are lower than Americans, and original goods are cheaper in China. But don't worry, more profits are earned by the company, not the manufacter factory.
I am also quite scared about potential future. Outsourcing China was fine in the past, when China was famous for their plastic flowers, tea and towels.
Right now it seems that everything is 'Made in China' and soon we won't have any single factory outside China capable of producing electronics, cars, machines etc.
And it is all because companies were so greedy and intoxicated by the idea of ultra cheap labor. It will kick us in the ass very, very soon.
Right now it seems that everything is 'Made in China' and soon we won't have any single factory outside China capable of producing electronics, cars, machines etc.
And it is all because companies were so greedy and intoxicated by the idea of ultra cheap labor. It will kick us in the ass very, very soon.
China is involved in each and every thing and currently China is the biggest market for bitcoin miners. Although by theory no one can control bitcoin but in reality bitcoin prices are manipulated by Chinese miners as they hold major portion of this currency.
This has been a hotly argued debate.
USA is always trying to find an excuse for it's own failures.
If it is their economy - THEN FIX IT!
Don't blame others for you mistakes. TAKE OWNERSHIP for your own issues!
USA is always trying to find an excuse for it's own failures.
If it is their economy - THEN FIX IT!
Don't blame others for you mistakes. TAKE OWNERSHIP for your own issues!
No, entirely wrong. Americans are destroying the American economy. Nobody forces American companies to produce in China. But they do it, since production is cheaper and they can offer cheaper products which Americans want to buy. If Americans would either...
a) buy more expensive products out of US production,
b) work for lower wages,
c) increase efficiency of production, or
d) manufacture highly superior quality products
Chinese products would have no chance in US markets.
It's always easy to blame a successful competitor instead of focusing on one's own improvement potential. Besides that, nowadays Chinese products are not as cheap as they used to be, because even the Chinese workers are demanding better wages now...
ya.ya.yo!
a) buy more expensive products out of US production,
b) work for lower wages,
c) increase efficiency of production, or
d) manufacture highly superior quality products
Chinese products would have no chance in US markets.
It's always easy to blame a successful competitor instead of focusing on one's own improvement potential. Besides that, nowadays Chinese products are not as cheap as they used to be, because even the Chinese workers are demanding better wages now...
ya.ya.yo!
Thank you! Hahahahaha!
No, entirely wrong. Americans are destroying the American economy. Nobody forces American companies to produce in China. But they do it, since production is cheaper and they can offer cheaper products which Americans want to buy. If Americans would either...
a) buy more expensive products out of US production,
b) work for lower wages,
c) increase efficiency of production, or
d) manufacture highly superior quality products
Chinese products would have no chance in US markets.
It's always easy to blame a successful competitor instead of focusing on one's own improvement potential. Besides that, nowadays Chinese products are not as cheap as they used to be, because even the Chinese workers are demanding better wages now...
ya.ya.yo!
a) buy more expensive products out of US production,
b) work for lower wages,
c) increase efficiency of production, or
d) manufacture highly superior quality products
Chinese products would have no chance in US markets.
It's always easy to blame a successful competitor instead of focusing on one's own improvement potential. Besides that, nowadays Chinese products are not as cheap as they used to be, because even the Chinese workers are demanding better wages now...
ya.ya.yo!
maybe that can be true but i see it on other side.amarica is getting profit by saving some money
Few rich people profit from it. Average people lose their job.Again, what's the rationale behind that "Trumpy" statement?
maybe that can be true but i see it on other side.amarica is getting profit by saving some money
Few rich people profit from it. Average people lose their job.unless you want to start seeing sweatshops slowly pop up in america?
what happens in china is up to their government to deal with. while I agree it is cruel, would you want to see it similarly happen to other parts of the world?
maybe that can be true but i see it on other side.amarica is getting profit by saving some money
Few rich people profit from it. Average people lose their job. I am also quite scared about potential future. Outsourcing China was fine in the past, when China was famous for their plastic flowers, tea and towels.
Right now it seems that everything is 'Made in China' and soon we won't have any single factory outside China capable of producing electronics, cars, machines etc.
And it is all because companies were so greedy and intoxicated by the idea of ultra cheap labor. It will kick us in the ass very, very soon.
Right now it seems that everything is 'Made in China' and soon we won't have any single factory outside China capable of producing electronics, cars, machines etc.
And it is all because companies were so greedy and intoxicated by the idea of ultra cheap labor. It will kick us in the ass very, very soon.
I don't really understand your statement there, why is it going to kick us in the ass very, very soon? Plus, China is currently trying to manage an important decrease in its growth. Their labor is getting educated, more qualified and demand higher wages each day (with social incentives on the top of that). This is all good for China and especially the Chinese, but not so great for multinationals who will either need to increase their prices locally (inflation) or change the location of their factories. This is happening as we speak with Mexico with Airbus, Boeing, Nissan and so on building big manufacturing centers there: What goes around, comes around.
In the last decade over 50% U.S companies have transfered their production houses to China for cheap production..........
put yourself in a CEO's shoes. If a business is slowly falling to the ground and China is the only option to keep it alive, what would you do?Definitely! Moreover, the profit generated from the low prices benefits the US economy that is able to consume more... (as implied by Satlite):
maybe that can be true but i see it on other side.amarica is getting profit by saving some money
That is right. The American transfer the jobs they do not want to do to other countries and make more profits.
In the last decade over 50% U.S companies have transfered their production houses to China for cheap production..........
put yourself in a CEO's shoes. If a business is slowly falling to the ground and China is the only option to keep it alive, what would you do?
I am also quite scared about potential future. Outsourcing China was fine in the past, when China was famous for their plastic flowers, tea and towels.
Right now it seems that everything is 'Made in China' and soon we won't have any single factory outside China capable of producing electronics, cars, machines etc.
And it is all because companies were so greedy and intoxicated by the idea of ultra cheap labor. It will kick us in the ass very, very soon.
Right now it seems that everything is 'Made in China' and soon we won't have any single factory outside China capable of producing electronics, cars, machines etc.
And it is all because companies were so greedy and intoxicated by the idea of ultra cheap labor. It will kick us in the ass very, very soon.
maybe that can be true but i see it on other side.amarica is getting profit by saving some money
That is right. The American transfer the jobs they do not want to do to other countries and make more profits.
Hi guys!
That's an interesting but mostly (in this case) unsupported topic...
I think that you're right, the US are getting a lot from this but so are the Chinese: Think of China a hundred years ago and look what it has become. It's now the 2nd biggest economy in the world...
On that specific portion of the comment, even though that is what most people think in most countries, I would strongly disagree... If you look at the US unemployment rate (4.9% in June 2016) it has been mostly decreasing since the last financial crisis and if you look since 1948 evolved within the same range (spiking during crisis): http://www.tradingeconomics.com/united-states/unemployment-rate
People tend to think that "delocalization" and technological innovation pushes the unemployment rate up... (Trump is very good at repeating that over and over without the slightest proof: Just like for most, or all, of the statements he actually makes). In reality that has mostly never been the case: Disruptive technology (industrial revolution, Uber, Bitcoin, Internet and the email and so on...) can create temporary unemployment spikes but society is always better of and back to normal in the long term.
That's an interesting but mostly (in this case) unsupported topic...
In the last decade over 50% U.S companies have transfered their production houses to China for cheap production..........
Employment rate for chinese people is rising where as unemployment rate is rising in america because of expensive hourly rate and also china is providing good support to international company to establish and start production in china. However profit will still be flowing towards america and china will be only getting small fraction of that profit in form of tax. So i think actually america is getting stronger economy with this.I think that you're right, the US are getting a lot from this but so are the Chinese: Think of China a hundred years ago and look what it has become. It's now the 2nd biggest economy in the world...
Quote
Employment rate for chinese people is rising where as unemployment rate is rising in america because of expensive hourly rate and also china is providing good support to international company to establish and start production in china.
On that specific portion of the comment, even though that is what most people think in most countries, I would strongly disagree... If you look at the US unemployment rate (4.9% in June 2016) it has been mostly decreasing since the last financial crisis and if you look since 1948 evolved within the same range (spiking during crisis): http://www.tradingeconomics.com/united-states/unemployment-rate
People tend to think that "delocalization" and technological innovation pushes the unemployment rate up... (Trump is very good at repeating that over and over without the slightest proof: Just like for most, or all, of the statements he actually makes). In reality that has mostly never been the case: Disruptive technology (industrial revolution, Uber, Bitcoin, Internet and the email and so on...) can create temporary unemployment spikes but society is always better of and back to normal in the long term.
In the last decade over 50% U.S companies have transfered their production houses to China for cheap production..........
Employment rate for chinese people is rising where as unemployment rate is rising in america because of expensive hourly rate and also china is providing good support to international company to establish and start production in china. However profit will still be flowing towards america and china will be only getting small fraction of that profit in form of tax. So i think actually america is getting stronger economy with this. Jump to: