They are all over the place.. they only make up what 1% of the population.. but yet they are all in here!!
As Zebo pointed out, this is largely because of the loss of wealth-producing jobs and the increased labor supply. When we increase the supply of labor, both by immigration and by allowing unfettered competition from abroad, we downgrade the value of that labor. The main effect of this has been on unskilled and low education labor, especially since so much immigration has been illegal immigration, but we're starting to see a squeeze on skilled labor and white collar work as well, because as the work is increasingly being done by other countries, that work's requirements for engineering, accounting, and management drop considerably. As people in low wage countries like China learn how to make the products we demand, they will form their own companies to manufacture competing products at lower prices (because of the lower overhead, lower regulatory costs, and lower taxes with the same cheap labor American companies' foreign factories enjoy.) As these start-ups increase market share, we see further drop in domestic demand for engineering, accounting, and management from the shrinking American companies.
Pretty much the same for me, except I usually favor Japan or South Korea over Europe (except for the UK and Poland and Czech Republic.) We went to Lowes last Sunday and everything we bought (paint, brushes, leaf rake, clippers) was made in the USA. Had a bit of a disagreement with the wife over the rake (Chinese-made had a nice foam handle for less money) and the brushes (America-made was $12 versus three for $8 for the Chinese), but with a bit of searching one can find all manner of things still made in the USA. You do pay more, and sometimes the quality isn't as good, but one has to make sacrifices to preserve our manufacturing base. On a side note, I do wish mail order companies would list country of origin for everything.:thumbsup: Just bought a new flashlight this morning, Surefire made in USA.
I try to buy USA only but it's hard, for things I can't find I go Europe or open societies in Asia like Korea or Japan. Last resort is China, like practically everything in a computer
Not me. I don't have the spare money for that
Not me. I don't have the spare money for that
I will sometimes pay for premier quality and it's often US but it often isn't. I am one of 300 M consumers and if I can get chinese made for $10 or US made for $14 I'll get the Chinese. That $4 stays in my wallet (in America), for something else anyway.
It's only business and I can make a powerful argument consumers were defrauded in the first place making all mortgage contracts in last 10 years null and void not to mention banks themselves walk from property all the time. Course they CYA and do it though subsidies so their Dunn and Bradstreet rating doesn't take a hit.
Anyway no not yet bro, should be here yesterday along with a surfire light I ordered but I have lazy UPS driver.
they did give me mortgage for townhome though Unsecured loans - no, I did try... But surviving fall of the USSR gives a few memorable pointers on how unstable conditions look like. Like I said, the development was only making any sense if significant wage inflation for majority of population was to follow, and when it didn't happen, it was game over. Don't get me wrong, I am not gloating, just saying that sometimes smart folks deny obvious realities(my buddy was CCIA? at the time, with two contractor jobs, pulling close to 220K/year before tax)
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