"Made in USA" ....."Like it matters"
It does to me. I personally live in the U.S. and I like my fellow citizens being employed. If nothing more it creates a tax base for all of our civil responsibilities.
I don't think the U.S. can export all its jobs while at the same time making it necessary to import all its purchases.
You can't just produce nothing and import everything. Unless your management, but only a few can be management. Maybe that marginal savings gained by using foreign workers could be offset by the adjusting the overinflated pay scales of management that are ultimately responsible for burying companies in debt and gregarious spending.
You sound like a populist
, which is ironic.
You, fundamentally, do not understand the 3 determinants of economic production: Land; Labor; and Capital. We have more of one than anyone else in the world ($$$). Our 'job' (as America) in the global economy is to buy things. Further, you make the assumption that the "loss'' of jobs means it's not on a parity with the increased sales taxes that will be generated by an increase in manufacturing efficiency that comes with asia production. The US manufacturing, in economic standards, is one of the least
efficient manufacturing bases in the world. We use up a ton of resources with very little output. Additionally, your export argument fails to look at the other end of the equation; the buyer. You're assuming that people in other countries can afford to buy an inefficently American made product. Are you even aware what would actually
happen if we had a trade surplus, or what would have to have to make that a reality? You think the Chinese can afford to buy an American made cell phone or TV. Hell, I
can't afford to buy and American made cell phone or TV and neither could you. You're ignoring the effects of long run trade deficits and confusing David Ricardo's principle of comparative advantage with Adam Smith's principle of absolute advantage, specifically ignoring the latter. Paul Craig Roberts notes that the comparative advantage principles developed by David Ricardo do not hold where the factors of production are internationally mobile (like in this case). Stephen Roach's Global labor arbitrage, where one country exploits the cheap labor of another, would be a case of absolute advantage that is not mutually beneficial nor the case here. The US has an absolute advantage in Capital use and creation where Asian manufactring has an absolute advantage in Labor/Production given a fixed amount of resources.
In the long run.......... our job is to buy the stuff other people make. The US economy is to big to be self supported. Pretty simple.
"Don't pedal harder, pedal faster!"Q-FACTOR IS A RED HERRING BB30.COM