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

  • From: "Richard C. Ramsden" <ramsden@xxxxxxxxxxx>
  • To: opendtv@xxxxxxxxxxxxx
  • Date: Fri, 30 Dec 2011 01:27:20 -0500

Mike, you've missed the point.
NO one in the US, or a considerable amount of the rest of the world will work for the slave wages Chinese manufactures pay. And, the companies paying those wages are making no profit. It works in China because the government wants everyone to have a job, and gives 0 interest loans to make sure that happens.

Manufacturing is so 20th century. For the most part there is little or no money in it. Most laborers working in manufacturing are the modern equivalent of serfs. Not a pretty picture.

There are lessons to be learned from history. Those that fail to learn from history are doomed to repeat it. The world changed massively, though slowly, when it shifted from an agrarian economy to a manufacturing one. The current change is happening much faster, as most things do now.

If you want a job in manufacturing, move to India, or maybe Russia or Brazil.

Build a bridge

Rich

On 12/29/2011 11:54 AM, Mike Tsinberg wrote:
Unfortunately innovation does not employ a lot of people. Apple is very
innovative but all iPhones, iPad's and iPod's are made in China and other
countries. Same is true for other smartphones, TV's, Blu Ray and most of the
electronics we consume. So yes we continue to innovate but we get little
jobs because of it.

Mike Tsinberg
http://keydigital.com

-----Original Message-----
From: opendtv-bounce@xxxxxxxxxxxxx [mailto:opendtv-bounce@xxxxxxxxxxxxx] On
Behalf Of Craig Birkmaier
Sent: Thursday, December 29, 2011 10:20 AM
To: opendtv@xxxxxxxxxxxxx
Subject: [opendtv] Re: TV Prices Fall, Squeezing Most Makers and Sellers

At 4:39 AM -0500 12/29/11, Albert Manfredi wrote:
True enough, but I think you might be conflating multiple different
events. The high unemployment is a relatively recent phenomenon,
precipitated more by the housing bubble bursting (as it predictably was
going to do) than by Chinese labor. Manufacturing jobs had been
exported for several decades, when unemployment in the US was often at
or below 5 percent. So the sudden high unemployment, starting in 2008,
cannot be attributed to China alone.
Bert has the right view here. He also has a direct view of the problem - the
out of control government bureaucracy he lives near.

We can return to growth and the best standard of living in the world if we
enable American innovation and entrepreneurial greatness.

We live in interesting times...

Regards
Craig


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