so we take an article on salon.com as the gospel and simply ignore thousands of years of economic evidence that points to manufacturing as the foundation of a good economy?
we need manufacturing to boost the WORKING class, which in turn helps boost the MIDDLE class. if you have more people spending money in an economy thats a good thing. more people with more money in their pockets is a good thing.
there are over 300 million people in this country, do you really think all these people can get high education/high training jobs? do enough people have adequate access to the resources to even acquire higher education and high skill jobs? not in this elitist country, not by a long shot.
we dont have to go to extremes. it doesnt have to be high skilled jobs OR manufacturing jobs. it has to be a balance, so we need both.
there's no logical argument for supporting all the outsourcing of manufacturing we do as a country. thats just poor economic fundamentals. think about the fact that every single one of those products we outsource could be made in an american factory, paying an american a solid wage to live on.
and no it wouldn't necessarily increase prices for consumers because we are already overpaying. we pay hundreds and even thousands of times more than what it costs to make these outsourced products. only difference is the corporations selling the product are the only ones eating off that price margin.
if it costs $1 to make a pair of nikes, and they sell for $100, then nike is +$99 approx.
but if it costs $14 to make a pair of nikes, and they sell for $100, then nike is +$86 approx. it's obvious nike has a smaller payout if they have to pay an american worker a union wage to make the sneaker instead of a 13-year old cambodian girl. but either way the product is still $100 for the consumer.
if the price goes higher than the consumer is willing to pay then people wont buy it, then the price falls naturally. if the consumer is willing to buy then so be it, its a win-win, because if people still buy the sneaker at $115 the economy benefits, and if the producer has to drop the price and sell at $100 the economy benefits. the only one winning in the current arrangement is the corporation.
and then you have our government, a third of which is getting paid off by the corporations, another third being completely incompetent, and the final third having no courage. a complete embarrassment.