tag:blogger.com,1999:blog-7400390336523591685.post3828642289806212152..comments2023-08-24T08:56:06.522-05:00Comments on Rhymes With Clown: The Two Sides of TradeJeremy R. Shownhttp://www.blogger.com/profile/11303377672028774152noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7400390336523591685.post-58886922786031967772010-09-17T09:24:14.084-05:002010-09-17T09:24:14.084-05:00Actually...
While "saving money for consumer...Actually...<br /><br />While "saving money for consumers" is supposedly the trump argument over which none else is acceptable, it is not true.<br /><br />Over the last several years, and at an accelerating rate in the last 2-3 years, PRC goods have demonstrated serious quality problems. This is not limited to food/medicine items. It is pandemic, including hard-goods such as computer components and steel fabrications.<br /><br />Further, while currency-manipulation is problematic, the US' regulation-and-tax regimes are far more problematic for US manufacturers.<br /><br />Finally, the argument that it is all "labor costs" is patently absurd. In any well-run manufacturing operation, the cost of (direct) labor is around 5% of the cost of goods sold. This happens to buttress the above argument: that reg/tax costs are the real difference, not "labor costs."<br /><br />So, the question is one of equity, not of pure "cost." If "cost" is the issue, then certainly those who choose private education are economic morons and (by your inference) deleterious to the success of this Republic.<br /><br />If "cost" is a problem, then the medical establishment in the US should be tried and hung as traitors.Dad29https://www.blogger.com/profile/08554276286736923821noreply@blogger.com