Quote:
Originally Posted by 1stLand
That video was spot on. Western Nations have lost their ability to produce and manufacture goods competitively.
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Its not that they've lost their ability, its that we as Western Nations can't compete.
We have to pay people a living wage, while other manufacturing nations pay people a tiny sliver of that cost.
We have quality control, developing nations, and especially china don't
We have safety requirements that add costs, workers are disposable.
We have benefits that other nations don't have
We have patent that are protected, while other nations steal the design
We're dealing with foreign currencies that are intentionally depressed so that their pricing is even lower.
There is a measure of environmental protection in North American manufacturing that doesn't exist in developing nations.
American's and Canadians' know how to manufacture products, we're dealing in an unfair market that protects developing nations.
At some point you're going to see a higher level of market protectionism in North America to bring those cheaper products to an equal bearing.