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excerpt from the article.........
Recently I had a heated exchange with my neighbor Johnny. Johnny believed that the U.S. unemployment rate, currently hovering above 9%, would become even worse. The culprit, according to him, was China. With boatloads of Chinese-made goods coming this way, and empty ships going the other way, Johnny argued, we ran a huge trade deficit. This effectively exported U.S. jobs to China while we were importing goods from there.
After I read this article and the accompanying comments, I am curious about what other readers think.
I also found another article about iphones that stated the workers in China number 130,000 and they assemble 137,000 iphones
daily.
Thanks for any comments.
Ok, wow? What kind of comments are you looking for?
I am not a big shopper. I think I only like food and gift shopping.
By choice, I do look at the labels to see where things were made. And maybe by unconcious choice, I certainly buy American often. But that is me. I do, when given the chocie, often choose NOT to purchase something made in China. Or grown in China.
Maybe by default, I am not supporting China or the US.
Read the book The World is Flat. You will get a different view on life.
I read it for my thesis in my business class. My thesis was that buying overseas would kill the American Economy. I wrote it in 2006.
I read that book a few years ago.