[opendtv] Re: TV Prices Fall, Squeezing Most Makers and Sellers

  • From: "Mike Tsinberg" <Mike@xxxxxxxxxxxxxx>
  • To: <opendtv@xxxxxxxxxxxxx>
  • Date: Wed, 28 Dec 2011 23:50:21 -0500

Unfortunately the "high standard" of living is only for the fully employed.
The standard of living for 10%+ (20% by some estimates) of unemployed now
for more than 3 years is only going down. These 10%+ cannot find work
because most of commodities are manufactured in China and sold here in such
a way that we cannot compete. 

Mike Tsinberg
http://keydigital.com
-----Original Message-----
From: opendtv-bounce@xxxxxxxxxxxxx [mailto:opendtv-bounce@xxxxxxxxxxxxx] On
Behalf Of Manfredi, Albert E
Sent: Wednesday, December 28, 2011 7:53 PM
To: opendtv@xxxxxxxxxxxxx
Subject: [opendtv] Re: TV Prices Fall, Squeezing Most Makers and Sellers

Mike Tsinberg wrote:

> Every other country except US has tariffs to protect their 
> manufacturers including China. I recently came from a trip there.
> For example a US made car that cost about $30K in the US sell for 
> about $90K in China all due to tariffs. With tariffs in place US can 
> rebound its electronics manufacturing and compete on features instead 
> of price only. Average salary for electronics factory worker in China 
> is about $2,500 a year. Using massive manufacturing facilities partly 
> financed by government or money from Taiwan these manufacturers can 
> survive and prosper on extremely low profit margins.

In a very real sense, our much higher standard of living is paid for by
Chinese workers (and others, like Singapore, Korea, etc.). That's the way it
works. If we imposed huge tariffs, our standard of living would go down
right away, because the average person could no longer afford the products
they have become accustomed to.

But this will all equalize eventually, perhaps sooner than some might think.
I read that Chinese engineer salaries are going up fast. Just like happened
with Japan, China will no longer be the source of comparatively super cheap
labor.

The effect will be, their standard of living goes up and ours levels off or
even goes down.

Bert

 
 
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