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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%Nov 17 4:00 PM EST

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To: Snowshoe who wrote (148667)5/20/2019 6:36:27 PM
From: Elroy Jetson2 Recommendations

Recommended By
elmatador
pak73

   of 217841
 
I suspect you believe some Trump supporters don't give a damn about China's IP theft from US firms and the chabuduo quality problems they experience in China. - That's probably true.

But easily a majority of Americans care a lot about these issues which are vital to our economy and the jobs our economy will be able to maintain now and create in the future. I certainly care, because it affects our future.
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GoPro is an American camera manufacturer which was assembling their products in China. In the process they experienced periodic problems with quality control and faced growing IP theft problems in their future.

Gopro will begin assembling their cameras instead in Mexico taking advantage of Trump's new North America Trade Treaty. Delivery will be quicker, and less expensive, chabuduo quality problems will be a thing of the past and they no longer face IP theft or the local government demanding they share their market, designs, and IP property. A big win for GoPro.

Most larger companies already have manufacturing facilities in multiple nations and those who don't are busy working on that right now.

Even Taiwan-based Foxconn can easily move. They own none of their manufacturing facilities in China, only the equipment inside them which can be shipped anywhere. The local city government even supplies many of the people who work at Foxconn. Foxconn can move to Ukraine, Poland, Hungary, Mexico, Canada, the US - really the list is endless and each location is best for different reasons and different products.
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Are there people in America who are looking forward to working 12 hours a day, six days a week for $5 an hour on a repetitive assembly line? Frankly no. There's people in many countries including Mexico and Vietnam who are eager to be hired under those conditions, but I doubt you could find anyone in the US willing to accept that job.
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People at Tegel airport in Berlin earn 23 € per hour to direct self-propelled machines which clean and polish the floors.

People at Benito Juarez International airport in Mexico City clean and polish the floors with a hand mop and with a scouring pad on their hands and knees for $5.10 for a 12 hour shift.

In US airports the cleaner's wage is likely less than in Germany but more than in Mexico.

Many things are different in each of these three nations, which I find interesting. But this is an entirely different discussion.

A German employee directing a self-propelled Kärcher floor cleaner / drier
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