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A family member who's been an electrical engineer for many decades made an interesting observation: the United States industrialized China. When labor got too e
by paloaltokid 8y ago
A family member who's been an electrical engineer for many decades made an interesting observation: the United States industrialized China. When labor got too expensive in the US, manufacturing moved overseas. Capital became available in China to build and build and build because they knew that American business wouldn't be able to resist the competitive pricing.
I still remember overhearing my engineer family member on the phone with an American supplier 15 years ago and the supplier saying "all my factories are in China - the last competitive place left!"
- watertom 8y agoIt's even worse. In order to do business U.S. companies had to partner with a Chinese company, and U.S. compnay willingly transfered their IP to their Chinese partner, their Chinese partner then transferred that IP to their partner. the Chinese Government, who then transferred the IP to any other Chinese company that could benefit from the IP. That's how the U.S. supercharged China'a manufacturing while simultaneously destroying the USA's manufacturing. Also the U.S. companies never got the access to the Chinese market they sold their souls to get.
- adamiscool8 8y agoAnd now the same people responsible are extremely upset that someone's trying to reverse the damage.
- mistermann 8y agoIt's absolutely bizarre how almost no one seems to realize this.