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Reply #12: Don't forget [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
heliarc Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-22-08 07:23 AM
Response to Reply #6
12. Don't forget
Edited on Tue Apr-22-08 07:25 AM by heliarc
the fat cats here who are raising the price of goods sold here. The US companies who are responsible for outsourcing all that manufacturing work to make those Chinese trinkets (Wal-Mart, Fisher Price, etc) are making a killing and our economy requires it. If stock prices don't go up, investors are very unhappy. There's a lot of pressure on industry to cut costs, and that sends a lot of money overseas to people who are willing to do the work for pennies. The really Fat cats are invariably US CEO's and production companies whose design has been to charge a premium at the retail level in the US and then slash their own costs when sourcing foreign Labor. That means huge profits for US companies. Of course China benefits from all of that, but it does on a different scale. More are employed and the cost of living is substantially lower in China (even if it's harder for people there to make enough to meet the costs). The Cats who got the fattest off of Chinese outsourced labor are right here in the US of A, and we shouldn't forget that.

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