McBear
Member
Coming from a state, much like you where there were mills everywhere for socks, underwear, shirts...I know that many small towns just collapsed when the market moved to <fill in 3rd world country here>. While folks didn't want their kids being factory workers, they knew it was honest work and had always been consistent work. And it really didn't matter if it was a union or non union shop...the lure of $0.17-$0.90/hr wages in countries where you can't even breath without your snot turning black is just too much for corporate America and for consumers who demand low, low prices.I see the made in China threads and tend to groan at a lot of them.
Manufacturing of certain things would be far better done here. I lament the loss of the "Made in USA" label. For instance, we should be able to produce high tech items competitively, but because of tax policy, currency manipulation, and maneuvering of markets by the Chinese dangling access to a billion customers in front of US mfgs. (which the US political structure seems fine with), US mfgs have even moved the high tech stuff overseas.
But back to clothing etc. Capitalism dictates that a mfg should produce things in the most efficient way possible. Much of the work in those sorts of factories in this country was done by immigrants and people moving off small farms who were trying to better their lives so that their children could be something other than a factory worker...
Bottom line--how many of you aspire for your children or grandchildren to work for near subsistence wages in a sock mill? If you've ever known anybody that worked in a mill, you sure wouldn't want that for your kid.
So, stockholders remain whole but the labor force and the small towns do not. Right now we have 312Million people and a job pool [the number of consistent jobs] of around 154Million. The population keeps going up and the jobs keep going offshore so the differential will continue to increase.