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Politics : Formerly About Advanced Micro Devices
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To: Elroy who wrote (315619)12/14/2006 4:09:43 PM
From: Road Walker  Read Replies (2) of 1574483
 
re: They aren't really shrinking... Working at the plant means your lifestyle starts to head towards the lifestyles of those who work at the plant in the rest of the world (54 hour, 6 day work week, shared accomodation, zero "disposable" income).

But that's no "middle class", so the middle class would be shrinking.

re: I'm not saying that American plant workers will hit those levels anytime soon, but market forces will probably push them in that direction for the foreseeable future.

So you didn't agree with ANY of the points I made?

*At some point protectionism might replace globalization
*With imported products you have the additional cost of shipping and delivery time, and intangible costs of distance supervision. With advanced manufacturing (robotics) the cost advantage of overseas manufacturing may decline or go away. (Why does Toyota build Camry's in KY instead of China?).
*As third world countries progress, their wages will rise, making them less competitive.
*Most service jobs can't be exported; Taro can't get a worker in China to mow his lawn.
*"Information workers" are probably under the biggest threat, not labor. Data flows much faster and cheaper than container ships.
*As third world countries (is China a third world country anymore?) get more prosperous, they should start to import more of our domestic products... assuming their protectionist policies get more liberal.
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