You call Chinese manufacturing a mistake but it was actually the best thing to happen to consumers in the past 40 years.
I remember buying Wrangler jeans for $30 a pair back in 1970.
Thanks to Chinese labor the price went all the way down to $14.99 a pair at Walmart a decade ago.
Now we're coming back to that $30 number and prices continue to climb.
A TV set cost as much as a new car in the 60's and 70's.
Now you can buy a 52" screen for a few hundred bucks worth of chump change.
It was an evolutionary shift in our economy from industrial to a post industrial service economy which left a lot of Good ole Union boys scrambling to adapt.
Personally, I don't need to see a chemical plant or a semiconductor plant in my neighbourhood because all the NIMBYs didn't want industry in their back yard.
We've since moved on to an information based economy and the main complaint people have is that China not only adapted but also started beating us at our own game.
The truth is, manufacturing on a national scale will never return to North America the way it once was. Everyone in North America wants a job pushing buttons like George Jetson. Manufacturing will continue overseas in any sh*thole country that will have it. And we will continue to exploit their labor while constantly seeking cheaper alternatives.
BTW, have you forgotten all the crippling strikes of the 70's when the Teamsters, UAW, Pulp and Paper workers, OPSU and all the other unions held the public hostage on a weekly basis? I remember them well and to be honest I don't miss the biannual walkouts and wildcat strikes one little bit.
People who think they will magically get a high paying executive job by cutting out China are living in a dreamworld man.
Like I said, the economy is headed for a huge recession by Xmas this year, while corporations are struggling to find the cheapest possible alternatives.
Robots can only fill so many holes and can't do everything for us yet and may not ever be able to fill all jobs, but that doesn't leave any openings for humans anyway.
Gary
