The 'race to the bottom' regarding consumer product prices can only have one result....the search for cheaper manufacturing costs by our much needed corporations....ergo....offshore production. China will soon be in crisis as wages increase there. India and Pakistan will see a boom in the next decade as their population is ready and willing to work for less then the Chinese.
Investor want for greater profits also have a huge influence regarding offshore production.
Take Levis for example....they ended all North American production, and moved them offshore. Their costs were probably cut in half (or more) and yet the price of a pair of jeans stayed the same. Where did all that extra money go? Same as Ford, GM ect.
THERE IS NOTHING WRONG WITH THEM TRYING TO MAKE MORE MONEY AND CUT COSTS. THIS IS NOT A LEFTY/RIGHTY ISSUE. But there is a cost.
Money runs the economy, whether it's the consumer looking for a tube of tooth paste for 50 cents (meaning no homeland manufacturing is possible to meet that price), or investors looking for the best corporate profit margins. We are certainly shooting ourselves in the foot on both accounts.
Consolidation of corporate operations (mergers, buyouts, etc) have been occurring for centuries. That is one way to cut costs, by reducing redundancies, etc. The question is, will these savings be used to to increase workers wages, increase dividend payouts, or executive bonuses?
It's sad to see any store go under. It would be nice to know why Gander is.
just say'n.
P.S. - I agree with CB
Last edited by dal; 02/17/17 10:52 AM.
