Posted by oldtanker on August 12, 2012 at 19:34:13 from (66.228.255.239):
In Reply to: The decline continues posted by Kevin Roberts on August 12, 2012 at 09:56:10:
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No high wages do in fact force companies to move operations off shore. If you make a TV here at US labor cost and I have mine built in Korea you are not going to be able to come close to my prices. Can't compete, lose money go broke and the business gets broke up and sold for pennies on the dollar. Everyone loses. The upper management, mid managers, supervisors, workers and anyone who may own stock in the company. Just the way it works.
You can lay some of the blame on people who only pick an item based on cheapest price with little or no reguard of quality.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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