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Don't worry! Manufacturing is coming back to the US! We're the NEW China! by ryan.hess
Started on: 05-23-2011 08:17 PM
Replies: 5
Last post by: bristowb on 05-24-2011 10:16 AM
ryan.hess
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Report this Post05-23-2011 08:17 PM Click Here to See the Profile for ryan.hessClick Here to Email ryan.hessSend a Private Message to ryan.hessDirect Link to This Post
Interesting quote from an article I read:

http://www.latimes.com/news...0515,0,3990894.story

But slumming in America is fast becoming a business model for some of Europe's leading companies, and they often do things here they would never think of doing at home. These companies — not banks, primarily, but such gold-plated European manufacturers as BMW, Daimler, Volkswagen and Siemens, and retailers such as IKEA — increasingly come to America (the South particularly) because labor is cheap and workers have no rights. In their eyes, we're becoming the new China. Our labor costs may be a little higher, but we offer stronger intellectual property protections and far fewer strikes than our unruly Chinese comrades.

Don't take my word for it. Check out the study released this month by the Boston Consulting Group, which concludes that when you compare China's soaring wages and still-low levels of productivity with our stagnating wages and rising levels of productivity, the price advantage of manufacturing in China instead of the U.S. will shrink to insignificance by 2015. Investment in the U.S., says the group, "will accelerate as it becomes one of the cheapest locations for manufacturing in the developed world."
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AusFiero
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Report this Post05-23-2011 08:22 PM Click Here to See the Profile for AusFieroClick Here to visit AusFiero's HomePageClick Here to Email AusFieroSend a Private Message to AusFieroDirect Link to This Post
Yes I seen this coming when the USA dollar started dropping. Even the Aussie dollar which in the past (10 years ago) been 49c US reaches $1.08 US it has become attractive to spend in the USA.
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spark1
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Report this Post05-23-2011 08:27 PM Click Here to See the Profile for spark1Send a Private Message to spark1Direct Link to This Post
Yeah, we're winning the race to the bottom.
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82-T/A [At Work]
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Report this Post05-23-2011 08:27 PM Click Here to See the Profile for 82-T/A [At Work]Send a Private Message to 82-T/A [At Work]Direct Link to This Post
 
quote
Originally posted by ryan.hess:

Interesting quote from an article I read:

http://www.latimes.com/news...0515,0,3990894.story

But slumming in America is fast becoming a business model for some of Europe's leading companies, and they often do things here they would never think of doing at home. These companies — not banks, primarily, but such gold-plated European manufacturers as BMW, Daimler, Volkswagen and Siemens, and retailers such as IKEA — increasingly come to America (the South particularly) because labor is cheap and workers have no rights. In their eyes, we're becoming the new China. Our labor costs may be a little higher, but we offer stronger intellectual property protections and far fewer strikes than our unruly Chinese comrades.

Don't take my word for it. Check out the study released this month by the Boston Consulting Group, which concludes that when you compare China's soaring wages and still-low levels of productivity with our stagnating wages and rising levels of productivity, the price advantage of manufacturing in China instead of the U.S. will shrink to insignificance by 2015. Investment in the U.S., says the group, "will accelerate as it becomes one of the cheapest locations for manufacturing in the developed world."



I hope you're right...

The only negative to having a devalued dollar is that we have less buying power in the world, and foreign interests can buy our land / property much easier.

Many other countries don't allow foreigners to even buy land, or not retain full ownership... they require a sponsor... like in Thailand for example. 15% of any property must be owned by a native.

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maryjane
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Report this Post05-23-2011 08:30 PM Click Here to See the Profile for maryjaneSend a Private Message to maryjaneDirect Link to This Post
Anyone wanna bet that there will still be a big trade deficit in 2015? There will be.

Makes no difference what or how much we manufactor, or whose brand name is on it, ya still can't force the rest of the world to purchase it instead of what is built right there in their own nation.

[This message has been edited by maryjane (edited 05-23-2011).]

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bristowb
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Report this Post05-24-2011 10:16 AM Click Here to See the Profile for bristowbSend a Private Message to bristowbDirect Link to This Post
It make no differance when you are the tallest midget...
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