posted on Apr, 1 2013 @ 07:32 PM
Originally posted by Iwinder
There is the rub, your companies are based there and all the workforce is based there.
No offense, I'm amazed at the lack of coherent thought with some of you people. If you don't know, simply don't say anything. Jesus. No, US companies
are headquartered in the US, not China. They outsource part of their production line to China
where Chinese workers - who work for near slave
type wages - assemble
the appliance. China has virtually no say whatsoever in what goes into the product. Nor is China influential in the
innovation of these products...
How does this help the American dollar when all their workforce is Chinese?
First off, manufacturing is less than 10% of the US workforce. Still, with mining plus utilities, the US produces roughly $2.5 trillion in
manufacturing output per year (which makes America the worlds largest manufacturer, not China). China has 100 million (rough estimate) employed in the
manufacturing sector there. Yet that 100 million produces slightly less than that 12 million does in the US. This means that it takes approximately 11
Chinese workers to roughly equal the same output that it takes 1 worker in the US. This is primarily due to efficiency gains, automation, etc.
Manufacturing really is a dieing jobs sector due to automation. With 3D printing set to replace manual labor in manufacturing, countries like China
will be the ones left out in the cold.
to make outsourcing to low wage countries obsolete
The clincher is that Australia is super saturated in Natural resources and has actually more money to burn a 100 times over than China or the
USA simply because of their ground wealth.
The US is awash in natural resources as well. America is already the worlds third largest oil producer in the world, and according to Goldman Sachs
and the IEA, will take the #1 spot as the worlds largest oil producer by 2015. The US is also the second largest producer of Natural Gas today, and is
expected to surpass Russia in this regard by no later than 2015.
Oil Production by Country
Natural Gas Production by Country
edit on 1-4-2013 by rock427 because: (no reason given)