Posted by dahsdebater on 3/10/2016 4:58:00 PM (view original):
Posted by moy23 on 3/10/2016 1:32:00 PM (view original):
Posted by MikeT23 on 3/10/2016 12:31:00 PM (view original):
Posted by moy23 on 3/10/2016 11:18:00 AM (view original):
Posted by MikeT23 on 3/10/2016 10:46:00 AM (view original):
They may be. IMO, they are better than Trump/Hillary. I think Trump will affect your wallet more than you think. If he creates an era of isolationism, which I think he does when he rambles about trade agreements, the cost of goods will go up. If it's cheaper for Ford to make parts in China and ship them here, that's why they do it. And that affects the cost of your F-150. The US consumer needs imported goods.
It's a possibility, but the cost of business as usual for cheaper goods is the continued loss of US jobs. I'd have to imagine Trump will have some pretty smart people giving him advice. Businesmen of his stature always do.
I'm sure I can find a post where you stated that an increased minimum wage will increase the cost of goods. Do you not think that the price of a $20 imported part, all costs included, will go up if the business now has to pay $30 to make the same part in Iowa?
No argument about higher labor costs = higher price of goods.the problem is its $20 imported and $30 here. Trumps saying he'd even the field by $30 made here and $20 + a $10 import tax from abroad.... No matter what COGS goes up in both situations, the difference being that now Americans have a real shot at manufacturing these goods. Jobs, well paying manufacturing jobs.... That's what this country needs more of.
Common misconception amongst people who don't actually have any idea what they're talking about... Manufacturing isn't just overseas as a result of cost at this point, and it's not the price or availability of unskilled labor that poses the problem... New large-scale manufacturing plants require hundreds of trained engineers to start operations, and many of those are temporary jobs. Tech companies need thousands. In the United States, it's virtually impossible to talk hundreds or thousands of people with Masters degrees or higher into moving to take a temporary job. There aren't enough engineers period, much less enough willing to accept those terms. This is one area where the remnants of a planned economy in China - coupled with an available pool of engineers well over an order of magnitude larger than what we have domestically - make a huge difference. Costs aside, it's just easier to start a new manufacturing operation in China, especially if you can make nice with some government officials.
Way to be condescending, Dahs the Know It All. Who said manufacturing jobs are going overseas purely as a result of cost? It's more complex than that but cost is one of if not the BIGGEST reason jobs go abroad. Carrier just sent 1400 workers to Mexico... The reason:
“This move is intended to address the challenges we continue to face in a rapidly changing HVAC industry. The continued migration of the HVAC industry to Mexico, including our suppliers and competitors and ongoing cost and pricing pressures, driven in part by new regulatory requirements,” said Chris Nelson, president, HVAC systems and services, North America. “Relocating our operations to a region where we have existing infrastructure and a strong supplier base will allow us to operate more cost-effectively, so we can continue to produce high-quality HVAC products that are competitively positioned while continuing to meet customer needs.”