Quote:
Originally Posted by Ducimus
IMO, this is related to being a Service based economy , and it sucks balls. We're never going to recover until we start producing tangible objects in this country that people want to buy. They can let all the "stimulus" they want, but it's not going to do much. I imagine there are alot more people then myself that is socking away every dime.
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First Americans need to learn how to make quality products again and second Americans need to recognize the value of the products. Companies can't pay people $50,000 per year to make socks.
As a capitalist, I am not willing to pay a lot of money for low quality no matter what nation makes it.
The question is: CAN America ever go back to a manufacturing industry? Or has that train left the station for Asia for good? And let's not forget Africa. If Africa can get its act together they have the raw materials and the labour to underbid everyone and still make a profit.