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<blockquote data-quote="Erik Nelson" data-source="post: 72136128" data-attributes="member: 400870"><p>I think that US workers have been deceived.</p><p></p><p>When they themselves, in full view of the whole wide world, go to Walmart, and "<u>vote</u>" with their <u>wallets</u>, they invariably prefer more "competitively" priced goods from, and created by more "competitively" priced labor in, countries like China & India...</p><p></p><p>They themselves, in full view of everyone everywhere, acknowledge in "<u>voting</u>" with their own hard-earned <u>money</u>... That "Made in <u>America" is too expensive</u> and not worth the extra cost.</p><p></p><p>They then turn right around and demand still higher wages, with minimum wage laws & Unions...</p><p></p><p>even right after they just "<u>voted</u>" with their own <u>money</u>, straight in front of all 7 billion humans on Earth, that "Made in America" is too expensive.</p><p></p><p>American workers (as a group) will never have it both ways, they will never be able to prefer to <u>pay </u>only "competitive" wages to "competitive" workers in India & China, while <u><em>receiving</em></u> uncompetitively high wages at home.</p><p></p><p>The enormous US <u>Trade Deficit</u>, in a <em>free</em> economy, is the <em>free</em> <u>admission</u>, by the US consuming <u>populace</u>, that <u>"Made Overseas" = "More Competitively Priced"</u>.</p><p></p><p>Of course, nobody cares if anybody admits it to <em>this</em> humble forum user. <em>Meanwhile</em>, however, the US consuming populace is racking up an annual Trade Deficit at the rate of <strong>$16K per second</strong>. That's about <strong>$1M per minute</strong>. In the <strong>minute or two</strong> anybody just spent reading this post, US consumers just spent <strong>$1-2M</strong> on <strong><u>"Made Overseas"</u></strong> because they just "<strong><u>admitted</u></strong>" it's <strong><u>"More Competitively Priced"</u></strong> to the tune of <strong><u>millions of dollars</u></strong>.</p><p></p><p>Money, like Gravity, never "forgets". The current disconnect between US workers' <u>hands</u> reaching for their wallets at Walmart, whereat they <u><em>freely admit</em></u> with <u><em>their own money</em></u> that "Made Overseas is more competitively priced", and their <u>minds</u> demanding ever higher minimum & Union wages, will presumably earn a "reality check" eventually... like persistent unemployment, corporate flight, corporate desire for more competitively priced foreign immigrant labor, <em>etc. etc. etc.</em></p><p><em></em></p><p>Perhaps the bright side is, <u>all</u> Americans agree, whether blue or white collar, with their own <u>money</u> no less, that "Made in <u><strong>America" is too expensive</strong></u>. When it comes to <em>palming their wealth & wallets</em>, <u>not so much as one</u> American is confused about this issue.</p></blockquote><p></p>
[QUOTE="Erik Nelson, post: 72136128, member: 400870"] I think that US workers have been deceived. When they themselves, in full view of the whole wide world, go to Walmart, and "[U]vote[/U]" with their [U]wallets[/U], they invariably prefer more "competitively" priced goods from, and created by more "competitively" priced labor in, countries like China & India... They themselves, in full view of everyone everywhere, acknowledge in "[U]voting[/U]" with their own hard-earned [U]money[/U]... That "Made in [U]America" is too expensive[/U] and not worth the extra cost. They then turn right around and demand still higher wages, with minimum wage laws & Unions... even right after they just "[U]voted[/U]" with their own [U]money[/U], straight in front of all 7 billion humans on Earth, that "Made in America" is too expensive. American workers (as a group) will never have it both ways, they will never be able to prefer to [U]pay [/U]only "competitive" wages to "competitive" workers in India & China, while [U][I]receiving[/I][/U] uncompetitively high wages at home. The enormous US [U]Trade Deficit[/U], in a [I]free[/I] economy, is the [I]free[/I] [U]admission[/U], by the US consuming [U]populace[/U], that [U]"Made Overseas" = "More Competitively Priced"[/U]. Of course, nobody cares if anybody admits it to [I]this[/I] humble forum user. [I]Meanwhile[/I], however, the US consuming populace is racking up an annual Trade Deficit at the rate of [B]$16K per second[/B]. That's about [B]$1M per minute[/B]. In the [B]minute or two[/B] anybody just spent reading this post, US consumers just spent [B]$1-2M[/B] on [B][U]"Made Overseas"[/U][/B] because they just "[B][U]admitted[/U][/B]" it's [B][U]"More Competitively Priced"[/U][/B] to the tune of [B][U]millions of dollars[/U][/B]. Money, like Gravity, never "forgets". The current disconnect between US workers' [U]hands[/U] reaching for their wallets at Walmart, whereat they [U][I]freely admit[/I][/U] with [U][I]their own money[/I][/U] that "Made Overseas is more competitively priced", and their [U]minds[/U] demanding ever higher minimum & Union wages, will presumably earn a "reality check" eventually... like persistent unemployment, corporate flight, corporate desire for more competitively priced foreign immigrant labor, [I]etc. etc. etc. [/I] Perhaps the bright side is, [U]all[/U] Americans agree, whether blue or white collar, with their own [U]money[/U] no less, that "Made in [U][B]America" is too expensive[/B][/U]. When it comes to [I]palming their wealth & wallets[/I], [U]not so much as one[/U] American is confused about this issue. [/QUOTE]
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