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re: I'm all for more U.S. jobs, but things will cost more.
Posted on 1/25/17 at 7:20 pm to Champagne
Posted on 1/25/17 at 7:20 pm to Champagne
quote:And we're assuming that they will change? With a higher cost of labor, are they also going to increase their costs there too?
I would like to buy an electronic device made with high quality capacitors and other electronic components.
3
Posted on 1/25/17 at 7:25 pm to buckeye_vol
quote:
And we're assuming that they will change? With a higher cost of labor, are they also going to increase their costs there too?
I think that we could expect higher quality from Made in USA compared to Made in China.
High quality electrical components and appliances should not add much to the cost of making the device.
Yes, I am willing to pay more for Made in the USA and I expect the product to be high quality just like they were 60 years ago when Zenith in Chicago made TVs and radios and our refrigerators were made in the USA and lasted for at least 25 years. And kitchen bread slice toasters? Heck, some of those Made in the USA appliances might last 100 years.
This post was edited on 1/25/17 at 7:28 pm
Posted on 1/25/17 at 7:28 pm to buckeye_vol
quote:
And we're assuming that they will change? With a higher cost of labor, are they also going to increase their costs there too?
Yes, we're all assuming this. Except those that assume instead of importing from China, we'll just import from Singapore. But outside of that reality, price are going to skyrocket. Especially food. Sky rocket. Except they won't. And we'll all know this in another five years or so. But then we'll argue CPI and inflation, and forget about wage inflation and the value of the dollar relative to something else. We'll quote great economists, and simpletons will merely ask, am I better off now then I was five years ago? And that will be the real answer. No matter how hard some try to argue it away.
Posted on 1/25/17 at 7:33 pm to buckeye_vol
I spoke with a Brazilian colleague about trade today. Brazil has protectionist trade policy and, for the most part, gets away with it due to their surging growth.
He cautions the us to tread likely with import tariffs. Brazil went overboard and lost the competitive atmosphere that spurs innovation and modernization. As a result, Brazilian made automotive products had 70's technology well into the 90's and the lack of competition caused domestic product prices to inflate dramatically. Some import tariffs are so prohibitive that products (like tv's for example) cost 3 times more there than in the US in spite of being imported from the same places.
He cautions the us to tread likely with import tariffs. Brazil went overboard and lost the competitive atmosphere that spurs innovation and modernization. As a result, Brazilian made automotive products had 70's technology well into the 90's and the lack of competition caused domestic product prices to inflate dramatically. Some import tariffs are so prohibitive that products (like tv's for example) cost 3 times more there than in the US in spite of being imported from the same places.
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