I'm a free-market person and while it might be
hard to accept the export of jobs overseas look at
Everyone is trying to save money. Including companies.
In order to compete, companies have to continually
stay on top of price curve in order to stay in business.
Otherwise someone will come in with an "as good"
product at a cheaper price point and put them out of
business. That said, Thomas Friedman in his
latest series of articles and in his latest book "The World
is Flat", gets it right when said that the way Americans
compete in this global free market is to offer employers
something they can't buy elsewhere. .
(I think a wonderful case in point is Bridge City
Tools - they produce some fantastic tools and
I think that it would be hard for them to ship
jobs overseas - couldn't get the quality. At least
We need to fix up our educational systems, our trade schools, etc. This
is a crisis in the making and it will
bit us in a shorter time then the so-called SS problems
that the current president is so fixated on.
The big benefit I see with India/China and elsewhere
making our products is that the money that
the employees get there is helping to increase the
middle class in those countries. It also helps
to foster peace by giving those people a vested
interest in the world economy.
(Imagine if the disaffected Muslims in Iran/Iraq and
elsewhere had a stake in gainful employement, would
the terriorist groups have a harder recruiting job? I'd
think so. Doesn' t mean that they won't find fanatics, but
if there was something they could see happening for
their families, I'd think the be relucant to join a group
that espouses death).
So, buy US, if you can, if not buy locally, if not
then buy what you can afford.