Can't imagine why every thing in the stores (seems to be) made in China.
Because of the very low wages paid there. Also, prisoner labor seems to be used there, which is prohibited here.
Also, the Chinese Yuan is undervalued, making Chinese goods even more attractive to foreign purchasers. Seems the Chinese government has a policy of collecting US dollars,,,
AND American consumers have a habit of shopping based on price. Been to Wal-Mart lately?
posted on 09/06/2004 8:52:27 AM PDT
("History repeats itself - first as tragedy, then as farce" - Karl Marx)
That could lead to some discontent. The Chinese labor is only useful to us as long as it stays 0.25 an hour. If the Chinese actually decide they'd like to have something of what they make, they'd need higher wages. Then the corporations pack up and move the factories someplace else and China collapses. Or else Americans whose wages have fallen down to such low levels stop going to Walmart as often and there is no more demand for the cheapest possible products.
posted on 09/06/2004 10:53:44 AM PDT
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