Indeependent
Diamond Member
- Nov 19, 2013
- 73,633
- 28,506
What happened to the “Automation!” Cry?We’ll see.We can't compete with people making the equivalent of $13.00 USD/day.Do we then continue to deal with foreign subsidizes companies?
Well let me ask you this..........
If the company you bought your car from, was taking money from the executive board, to subsidize the cost of the car they sell you..... so that now you can buy that car for $1,000 less.....
Would you be saying "Am I supposed to continue dealing with subsidized cars?"
No, you would not. You being able to buy a product at a lower price is not..... a burden to you.
When the government of China..... taxes the people of China...... to sell us steel at a lower price.... this isn't a burden to us.
How do we compete? Well.... pretty easily. We take the cheap steel, and make products with it.
Which will make us more competitive? You tell me..... paying super high prices on steel with tariffs, that force us to charge higher prices for our products? Or paying low prices on steel subsidized by Chinese tax payers, and sell products at lower prices?
Obviously we will be more competitive, if we can get the materials to produce goods at a lower price.
Remember, we have been competitive in the world, with imported goods, for over 5 decades now.
We have not been in a 5 decade long depression. We have done really well. We're still the largest economy in the world, by a wide margin.
And no tariff will change that.
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We have seen already, additional tariffs by the US have failed in modern history.
Think about your $13 a day, the average factory worker makes 10 to 13 times that much. Taking out the cost of transport and we are still talking prices going up 5 fold to level out the 13 a day pay
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