good luck finding anything that is actually american made... It may say that but like the big 3, They are assembled here but most of the parts are over seas.. If we truly bought only american made.. no one would be in the unemployment line...
What effects are you talking about? How do you come to the "If we truly bought only american made.. no one would be in the unemployment line" conclusion?
The point with folks saying american made isnt...who made the pencil... The point they are making is why do we employ other countires before our own.. I work in the car industry, have for years.. as an expample most chryslers are about 60%-75% imported parts, the are assembled here but the parts are made elswhere.. If all thos job were here we wouldnt have so many unemployed... make sense man..
More people buy american made, more demand for american made products, more demand for employment to make american made products. However, government regulations just crushes this, and crushes the economy and all our hopes and dreams. Plus just drives unemployment into an even worse issue as the years go on. There used to be a time when we paid the highest wages, had the best products, and lowest costs of said materials. Didn't need imports to have cheap product.
As I said before, we had the highest wages, amazing quality products, and at the cheapest prices. You don't need to ship jobs overseas to save money and keep costs down.
This. Prices would skyrocket on almost everything. More jobs would be created, but the standard of living of everyone would fall. Many things would disappear from the market due to America's lack of manufacturing infrastructure. It would be a horrible situation if everyone suddenly decided to buy American.
We had those things because we had freedom. Freedom is gone now, and so are the benefits that we once enjoyed because of it. We can only return to our former status if we regain our former freedom. There is no other way. It's economic law.
What if we also abolished the minimum wage laws? Wouldn't that help keep production costs down? I agree that our infrastructure isn't where it needs to be, but there's plenty of available and viable commercial real estate around.
I try to buy everything locally, espescially food. Feels great putting money in a local farmers pocket and getting food that was picked the day or two before. Grocery store food might as well be GMO slime, "organic" or not. I hate buying foreign products, its just a matter of time until they break or fall apart. And the chinese always weird toxic/dangerous chemicals during the manufacturing process that usually stay with it. I had a chinese vape once, most worthless peice of garbage I have EVER owned. Smelled like chemicals, burnt the bud, the little digital screen died. It was trash. It was a vapor brothers knockoff so I invested in one of those and its currently on its third year of use, looks brand new and has an EXCELLENT warranty plan. Cant get that from China or Mexico. Best of all its made less than 1500 miles from my home. Putting money back into your local economy is one of the best things you can do for it. You guys should look into sustainable hemp clothing. Its mad comfy, lasts hella long, and theres alot of online shops that sell it based in the US.
Minimum wage laws aren't a major factor. Taxes, regulations, and government destroying capital markets are the main problems. Corporate tax rate should be zero. Regulatory burdens need to be drastically reduced. Interest rates need to be at market levels. It's a fallacy when people blame low labor costs as the primary driver of exporting jobs. It's not. There are some factories built overseas that have almost no workers at all. They are just automated. Why are they not built here? Labor costs aren't a factor in those cases. It's purely a tax/regulatory issue for the most part. Cutting regulations, abolishing the corporate tax, and allowing tax free repatriation of offshore assets would ignite the biggest influx of business activity seen in decades. Businesses and capital from all over the world would flock to America once again. Abolishing minimum wage laws would be a good thing also, but it's just not the main problem.
imported parts should be taxed. how in the world can they ship from over seas and be cheaper then us.. something doesnt add up..
The Cost Of Government Regulation: $1.75 Trillion | ZeroHedge I'm no economist, but if people want more job creation and less outsourcing then removing this burden seems like a good start. From CEI 2012 report: Completely mind boggling.
Good points. I didn't think about the corporate tax rate and regulatory obstacles but I agree they are seriously harming us.
One reason we had high wages, high employment, generous benefits, and high profits, was because we were the only country whose industrial base was not destroyed during WWII. We had no competition then. We do now. One thing causing our trade imbalance is our oil imports.