Insourcing Dream
Obama wants to bring jobs back to the US. Good for him. What little success he has won't help!
Firstly, those who bring jobs back will use extensive automation. Instead of many good paying jobs you'll see a few decent paying support jobs with even fewer labor jobs that pay little better than minimum wage. Secondly, US labor costs are 15% higher than Korea or Japan, and a whopping 40% higher than China. The only chance american manufacturers have is through superior labor saving automation. That's costly in itself.
A case in point, the green cleantech industry that was supposed to create a new work landscape in the US according to Obama. Solar manufacturers are being run out of business by the Chinese. US electric car sales are abysmal and with them Li-on battery sales. Only the Japanese are successful with selling hybrid electric cars. Most of the wind turbine generators are made in China. Cleantech is dying in infancy in the US as a market shakeout works it's way through manufacturers.
Most successful manufacturers in the world these days are global players. They have no allegiance to the US or americans. They can make and sell their products in China for next to nothing and ship them to stupid americans who'll not think a thing about the Made in China embossed on the bottom. It is suicide for americans but who cares?
Firstly, those who bring jobs back will use extensive automation. Instead of many good paying jobs you'll see a few decent paying support jobs with even fewer labor jobs that pay little better than minimum wage. Secondly, US labor costs are 15% higher than Korea or Japan, and a whopping 40% higher than China. The only chance american manufacturers have is through superior labor saving automation. That's costly in itself.
A case in point, the green cleantech industry that was supposed to create a new work landscape in the US according to Obama. Solar manufacturers are being run out of business by the Chinese. US electric car sales are abysmal and with them Li-on battery sales. Only the Japanese are successful with selling hybrid electric cars. Most of the wind turbine generators are made in China. Cleantech is dying in infancy in the US as a market shakeout works it's way through manufacturers.
Most successful manufacturers in the world these days are global players. They have no allegiance to the US or americans. They can make and sell their products in China for next to nothing and ship them to stupid americans who'll not think a thing about the Made in China embossed on the bottom. It is suicide for americans but who cares?
posted by lugh lampfhota at 1:59 PM
0 Comments:
Post a Comment
<< Home