how long before china completely ruins the US.

[dullard]

US college graduates: ~40M. With 16.9M more on the way. True, not all 16.9M will stay in the US.
US adults with college degrees: 27%.

Chinese college graduates: ~2.5M. 30% of these are unemployed.
Chinese adults with college degrees (assuming 1 billion adults): 0.25%.

Until the recent push for more college degrees in China really kicks in, China isn't going to surpass the US. Sure, they'll eventually reach the 40M level of US college graduates, but even then they can only tie our professional output. It'll take many years after that for them to surpass us.

 

[sygyzy]

Originally posted by: SpazzyChicken

Originally posted by: CraKaJaX
Everything is already made over seas. Go into Target and flip over any product, what does it say?

"You are so much better than the people who shop at Wal*Mart"

That was unexpected and hilarious!

 

[Jeff7]

Originally posted by: CraKaJaX
Everything is already made over seas. Go into Target and flip over any product, what does it say?

I wonder paleontologists what will think in thousands of years when they examine ancient artifacts. What was this "China" thing? A deity they worshipped? Some great and powerful nation which controlled the entire planet?
Or just some central production region that made most of the world's goods and stamped its name on everything?

 

[Eeezee]

China already produces a lot of our products. This is a service nation with limited manufacturing capabilities, but they're still there. Manufacturing is not the only viable method for a nation to be successful.

 

[Linflas]

If anyone "completely ruins the US" it will be it's citizens fault, not China.

 

[Eeezee]

Originally posted by: FoBoT
thank you sully, as soon as the price of the imported stuff goes up too high, an enterprising north american will start making it again, when it becomes competitive to do so

i don't see the problem

Agreed

 

[Locut0s]

Originally posted by: Jeff7

Originally posted by: CraKaJaX
Everything is already made over seas. Go into Target and flip over any product, what does it say?

I wonder paleontologists what will think in thousands of years when they examine ancient artifacts. What was this "China" thing? A deity they worshipped? Some great and powerful nation which controlled the entire planet?
Or just some central production region that made most of the world's goods and stamped its name on everything?

Hehe should be pretty easy to figure out with the words "made in" preceding China all the time.

 

[Qianglong]

If it can be done cheaper and better in China, then why not?

For example, if you pay a highly qualified chinese worker RMB 15000/month (USD $15000/8) to perform a task and he/she is a few times better and productive than an equivalent US worker , then why not give them the opportunity. WIth that salary, they can have a very comfortable living and yet LOWEr salary than a US worker.

Mind you, most chinese students have SOLID foundations in math and sciences that is unmatched by US or CND grads. Just look at the proportiion of chinese studying Engineering, math and sciences in top US and CDN universities.

 

[JS80]

Originally posted by: ctcsoft

My question to all you intelligent folks, is How long before china ruins the US economy?

Pretty soon the US will be making nothing and everything will be done overseas. That means no jobs for hourly and salary workers. Big wig engineers are left without jobs because their manufacturing company is now gone.

I see the US going down the tubes fast. There should be a damn law on outsourcing.

Wow, you must have a PhD in Economics.

How do we have a 4.4% unemployment rate? This just means Americans are too good to manufacture toys and small crap...we are an information and service based economy. Learn economics before you speak your mind on this subject.

 

[NanoStuff]

All intelligent folks will tell you you're a paranoid american wank who can't handle a bit of free market competition.

The typical response would be to divide and conquer, but guess what bitches, China owns half of your country already. I suggest you start learning Mandarin.

 

[lozina]

As soon as China dumps the 1 trillion US dollars it has in it's reserves

 

[ShotgunSteven]

Originally posted by: NanoStuff
All intelligent folks will tell you you're a paranoid american wank who can't handle a bit of free market competition.

The typical response would be to divide and conquer, but guess what bitches, China owns half of your country already. I suggest you start learning Mandarin.

Aren't you the guy that said that the light of the moon was the result of friction created because it was passing through the Earth's upper atmosphere?

 

[BD2003]

Originally posted by: kranky
I think within 10 years, we'll be suffering greatly as a result of China's rise to promenance. Once we no longer have the capability to manufacture durable goods, and are dependent on imports for the things we must have, watch those prices rise.

And we'll have no choice but to pay, since we won't be able to make them on our own.

China will dictate what things cost. That doesn't mean we'll be "ruined", since it serves China's interests for us to continue to buy billions of dollars worth of goods every month, but we'll be hurting.

And if they cost too much, we won't buy them from china, but from somewhere else that sees the obvious benefit in undercutting china. China wont sell them, and they will bring their prices down.

Prevent outsourcing, and the chinese/indians will outcompete us, and it'll be harder for us to find jobs.
Allow outsourcing, and it'll be harder for us to find jobs.

The answer to this quandry - get a job that can't be outsourced, instead of bitching about it.

 

[Born2bwire]

Originally posted by: ShotgunSteven

Originally posted by: NanoStuff
All intelligent folks will tell you you're a paranoid american wank who can't handle a bit of free market competition.

The typical response would be to divide and conquer, but guess what bitches, China owns half of your country already. I suggest you start learning Mandarin.

Aren't you the guy that said that the light of the moon was the result of friction created because it was passing through the Earth's upper atmosphere?

Text
Haha, that moon post was one of the funniest posts I've seen in a long time.

 

[JS80]

Originally posted by: Qianglong
If it can be done cheaper and better in China, then why not?

For example, if you pay a highly qualified chinese worker RMB 15000/month (USD $15000/8) to perform a task and he/she is a few times better and productive than an equivalent US worker , then why not give them the opportunity. WIth that salary, they can have a very comfortable living and yet LOWEr salary than a US worker.

Mind you, most chinese students have SOLID foundations in math and sciences that is unmatched by US or CND grads. Just look at the proportiion of chinese studying Engineering, math and sciences in top US and CDN universities.

Yes, but they cannot even speak Engrish, let alone English.

 

[ghostman]

Originally posted by: Born2bwire

Originally posted by: ShotgunSteven

Originally posted by: NanoStuff
All intelligent folks will tell you you're a paranoid american wank who can't handle a bit of free market competition.

The typical response would be to divide and conquer, but guess what bitches, China owns half of your country already. I suggest you start learning Mandarin.

Aren't you the guy that said that the light of the moon was the result of friction created because it was passing through the Earth's upper atmosphere?

Text
Haha, that moon post was one of the funniest posts I've seen in a long time.

Damn. I think I missed that thread and that link no longer has content. That would have been a fun read.

Back on topic, the OP has to think in terms of comparative advantage. If it's cheaper to manufacture or provide certain services from China, then why not let them? In return, the US gets to BUY it at a cheaper price than having to make it at a more expensive price. If it's not cheaper, then the US will continue to manufacture it themselves.

On an additional note, there is a trend for more "modern" countries to move away from manufacturing (deliberately) and move into the services instead. Think technology. Think medicine. The less "modern" countries first take on manufacturing simple gadgets (think Japan and tape/CD players), but eventually move on to bigger things when they become "modern" (think Japan and cars). The ones who remain less modern then take over the simple gagdets (think of all the Chinese-brand mp3 players we have now). Don't get me wrong - there are still a lot of manufacturing done in the US. Some of that manufacturing probably shouldn't remain because we don't have a comparative advantage (steel, ...cars?), but very vocal special interest groups lobby to keep these inefficient systems in the US. The US is better off moving away from it and focusing resources elsewhere. Yes, it's hard for the workers who lose their jobs. But it's better in the long run for the country.

 

[BoomerD]

Originally posted by: Linflas
If anyone "completely ruins the US" it will be it's citizens fault, not China.

To a point, I completely agree with this.
As long as all the "average American" cares about is the price they pay for their "latest and greatest" whatever it is, China will continue to build it cheaper than we can here, and get the business. IF Americans start caring about American workers, then MAYBE we have a chance.
Myself, I go out of my way to NOT buy things made in China. Granted, many times, I have NO choice, and bite the bullet, but when I can, (even if it means I pay more) I buy Made in the U.S.A, or when that's not an option, at least made in a "free country" like any of the European nations, or MOST of Asia.
One of the REALLY BAD things, is that China owns much of the US debt, and all they have to do to hurt us VERY badly, is to start calling that debt, or jacking interest rates.
Is that in their best interest? Probably not, but it could be a tool to bring us into line with their policies.

 

[ShotgunSteven]

Originally posted by: ghostman

Originally posted by: Born2bwire

Originally posted by: ShotgunSteven

Originally posted by: NanoStuff
All intelligent folks will tell you you're a paranoid american wank who can't handle a bit of free market competition.

The typical response would be to divide and conquer, but guess what bitches, China owns half of your country already. I suggest you start learning Mandarin.

Aren't you the guy that said that the light of the moon was the result of friction created because it was passing through the Earth's upper atmosphere?

Text
Haha, that moon post was one of the funniest posts I've seen in a long time.

Damn. I think I missed that thread and that link no longer has content. That would have been a fun read.

Back on topic, the OP has to think in terms of comparative advantage. If it's cheaper to manufacture or provide certain services from China, then why not let them? In return, the US gets to BUY it at a cheaper price than having to make it at a more expensive price. If it's not cheaper, then the US will continue to manufacture it themselves.

On an additional note, there is a trend for more "modern" countries to move away from manufacturing (deliberately) and move into the services instead. Think technology. Think medicine. The less "modern" countries first take on manufacturing simple gadgets (think Japan and tape/CD players), but eventually move on to bigger things when they become "modern" (think Japan and cars). The ones who remain less modern then take over the simple gagdets (think of all the Chinese-brand mp3 players we have now). Don't get me wrong - there are still a lot of manufacturing done in the US. Some of that manufacturing probably shouldn't remain because we don't have a comparative advantage (steel, ...cars?), but very vocal special interest groups lobby to keep these inefficient systems in the US. The US is better off moving away from it and focusing resources elsewhere. Yes, it's hard for the workers who lose their jobs. But it's better in the long run for the country.

The link works for me.

 

[Atheus]

China's success does not equal America's failure - just because you won't be the single richest nation does not mean you won't be plenty rich enough...

Britain stopped being the world's only great economy like 100 years ago and we still get on just fine in terms of quality of life.

 

[JS80]

Originally posted by: BoomerD

Originally posted by: Linflas
If anyone "completely ruins the US" it will be it's citizens fault, not China.

To a point, I completely agree with this.
As long as all the "average American" cares about is the price they pay for their "latest and greatest" whatever it is, China will continue to build it cheaper than we can here, and get the business. IF Americans start caring about American workers, then MAYBE we have a chance.
Myself, I go out of my way to NOT buy things made in China. Granted, many times, I have NO choice, and bite the bullet, but when I can, (even if it means I pay more) I buy Made in the U.S.A, or when that's not an option, at least made in a "free country" like any of the European nations, or MOST of Asia.
One of the REALLY BAD things, is that China owns much of the US debt, and all they have to do to hurt us VERY badly, is to start calling that debt, or jacking interest rates.
Is that in their best interest? Probably not, but it could be a tool to bring us into line with their policies.

you fail at econ 101

 

[BoomerD]

How so? Because I believe in supporting Americans?
You fail at being an American. Please remove your American Flag avatar.

 

[natto fire]

Originally posted by: ShotgunSteven

Originally posted by: ghostman

Originally posted by: Born2bwire


Text
Haha, that moon post was one of the funniest posts I've seen in a long time.

Damn. I think I missed that thread and that link no longer has content. That would have been a fun read.

The link works for me.

It is because of the differences in posts per page. This terrible software can not handle it correctly.

Ghostman: Delete everything after thread id number and it will show up. You are trying to view page 2 of a thread that only has one page for you. Again, terrible software, so you just have to work around it, kind of like using your browsers built in search instead of the joke of a search.

OP: You are crazy.

 

[Xylitol]

Chinese people in China have too many babies if the Government doesn't catch them having more than 1 child.
It's bullshit that they're going to take over us if we stop letting them in to our country

 

[Regs]

The global market as it stands today is too dependent on exporting to the United States which accounts for the $765.3 billion dollar foreign trade deficit that occurs in the US today. The United States accounts for 24 percent of Japan's total exports, 84 percent of Canada's, 86 percent of Mexico's and about 40 percent of China's.

Just as China is dependent on the United States, other countries rely on Asia's second-largest economy. So a U.S. slowdown that hurts China will echo in Japan, Taiwan, South Korea and goods and services producers such as Russia, Australia, New Zealand, Canada and Brazil.

From 2001 through 2006, the United States and China combined contributed an average of 43 percent to global growth.

People also forget what China is really like. Their nation outside their major metropolitan area's that aren't polluting the ozone layer are mostly undeveloped. No roads, no hospitals, no mass transit, no services etc... Where do you think they are going to get those materials to build?

 

[Atheus]

Originally posted by: Xylitol
It's bullshit that they're going to take over us if we stop letting them in to our country

Why? And also - extreme right wing much?