OK, fool: number one, who decided to send those jobs to China and then import the product back? Answer: The elite greedy 'capitalists' at every company. Why do the leaders of these companies tell you about the necessity of layoffs? Answer: So the stockholders are happy and they get THEIR 50 million dollar bonuses. It is NOT and was NEVER to save teh company. My God, you are a little Kool Aid drinking and need a lesson in economy.
Question: When 90 percent of ALL the dollars in the country, meaning dollars for starting businesses, dollars for paying employees, dollars for supporting our social structure and all its programs, dollars for SS, dollars for investing/retirement (you get the point) are own by only 5 percent of the people, what do you think happens to a society? Answer? (I can wait to hear/read your brilliant answer.)
Here's another brainiac: If people are out of work and cannot keep up with the cost of living, do you really think they have the money to buy the 20 dollar t-shirt rather than the 5 dollar one made in China? Answer: No. (Who decided to make it there and undercut the Made in America competitor? How many of our own medications from American companies are now made overseas? Where is research headed (highest paid area of pharma?)
Another fool with no sense of history. The majority of stocks are owned by institutions (401ks, pension funds, etc), hedge funds and THEN individuals. 401k funds own more stock than even the 1% you so blindly have been fooled into hating.
How did companies become so short-sighted and driven by stockholder demand for profit? When the LAWS were changed by people YOU likely voted for that created the 401k, or defined contribution plan as it is more broadly known. Employees thought it was great to have control of their retirement money companies thought it was even greater to shed their pension burdens - already adding to profits with some sleight of hand.
Jobs to China - HOW did THAT happen (scratches head)?! Well, in the go-go 80s when the 1% were made of the cocaine dealers and their clients, everyone was having too good a time with life - we had just survived the oil crisis - they wanted everything that those 1%ers had but we didn't make money like the 1%ers. After all, there's only so much old money to go around or marry into. So companies had to find a way to make things at a lower cost so they could sell them at a lower cost.
Voila! We can pay the communist, unskilled labor in China pennies on the dollar what Americans get, THEN we can lower prices for Americans! And oh we loved them for it! 401ks were UP, household expenses were down AND we had LOTS of shiny , new, Made in China stuff to show off! We were out shopping ALL the time - just like we imagined the 1% were. Life was G-R-E-A-T!
Then China wanted more - they have their own BOOMING middle class now. They make their living supplying what we can now bearly afford because our greed sent them our jobs. An unintended consequence for wanting to be like we thought the 1% was. Now we whine about the people who have always had the money because they know how to manage it but since we spent all of ours on cheap $hit from China and surrendered our jobs to them for those 'luxuries' and a 401k that we thought would never be stopped, we have nothing but we don't want to take responsibility, we want to blame.
All we did was give the 1% more opportunity in high finance when we demanded lower priced goods, they beat us at our own game because they always have. If you spent more time learning instead of whining and blaming you'd at least be able to make some money in the stock market along the way. Instead you cry when your nanny state goes broke from so many if you sucking it dry.
