Seems to me originally we survived by using our superior technology. We
configured machines to do our donkey work so that we could compete with low
cost wage labor sources, in particular China . Again China is a low cost
labor source to us but to the Chinese the hourly wage is sufficient for him
or her to provide for his family as our hourly rate is for us to do the same
..I really all comes down to standards of living and the cost of living, it
varies immensely from country to country. The standard of living in China
these days is vastly improved these even over what it was only a few years
ago although I surmise the cost of living is not that much higher. the
problem is that due to the emphasis of the Chinese on education our
technical advantages of the past have gone and now the playing field is
tilted their way. On the other hand again it seems to me we seem to value
education less and less ,basically we are giving advantages now to a bunch
of people who basically have no interest in education and we are well down
the slippery slope.

Currently we are allowing millions of virtually uneducated illegals into
this country which in my mind compounds the issue,just makes a bad situation
worse. Another aspect I have a relative working on wall street companies are
downgraded by these jerks called analysts,all the major "houses" have them
and thats the way wall street controls American industry with in fact owning
a piece of it. Companies that are downgraded generally experience a drop in
stock prices which in turn causes a reduction of research expenditures to
improve the bottom line, because the bottom line is all that matters these
days. Of course the other way to improve the bottom line is to find the
cheapest labor source .

So what to do, waite for living costs to equalize ? that will probably take
years . No perhaps some kind of import tariffs might work based on each
country's cost of living . Of course the politicos would not have the
stomach for that . NAFTA is a good example the jobs are being exported to
Mexico not Canada........mjh


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