So you want more jobs? Listen to me.
This is a price-driven economy when it comes to goods in the United States.
I’m not an economist. My math is horrible. I make money the way I know and that is by writing on the web.
I’m not here to tell you who to vote for. But I’m going to give you my take on how I think we can grow the economy.
Trickle down economics used to work. This was before everyone, even small businesses outsourced. Heck, even I outsource. I’ll admit it.
See, if you give billionaires a big tax break they WILL invest money to grow their businesses. However, most of the growth may be in manufacturing which will more than likely go overseas to save money.
Give a tax break to the middle class. That will work…right?
You go to Wal-Mart to buy things. Most of the things you buy at Wal-Mart are made overseas. Oh shit… you just donated a portion of your money to manufacturing in China.
The distribution of U.S. dollars overseas is ridiculous. Our money is being spent on manufacturing overseas. (Outsourcing)
We scream, Buy USA! Everything is made in China or Taiwan! But we can’t avoid it. No matter how hard you search. Something in your house or on your body was made overseas.
Asia has billions of people who work for next to nothing producing goods for us that we buy in the U.S.
Hourly compensation costs of manufacturing employees in selected economies and regions, 2008
Got a TV? – China
Got a Toaster? – China
Got a computer? – China
Got a calculator? – China
SmartPhone? – China
The clothes on your back? – China
Steel in new buildings? – China
Car – Some part of any U.S. car has parts made overseas.
If we stopped outsourcing, which will never happen, we could grow this economy internally. Too much free trade and cheap manufacturing overseas will be the death of this nation.
I’m all for capitalism. I know that anyone…no matter what your background can be an entrepreneur in this country. It doesn’t take a lot of money to make money in this country. If I can do it, you can do it.
I’m not going to stop buying smartphones because they are made overseas. That’s not me. I want the best products at the best price.
Sources for this article: http://www.bls.gov/fls/china.htm
- Obama, Romney Trade Substance for Politics on China – Bloomberg (bloomberg.com)
- Survey: Americans Concerned About China’s Economic Strength (blogs.voanews.com)