From this morning's paper, in an article titled "Economy May Be In For A Rough Ride" by Kevin G. Hall: "Higher lending rates in China matter to average Americans. Most large American corporations either manufacture there or purchase from contract Chinese manufacturers. Higher lending rates in China would slow economic activity there and raise the cost of doing business. The cost could be passed back to Americans as pricier imported goods."
So let me get this straight here. The companies that used to employ Americans and pay them good wages to produce products for other Americans but in the last few decades have moved overseas to take advantage of lower labor costs are now going to raise the prices they charge their former (American) employees for their products because their costs are going up? So they screw us by outsourcing our jobs and then screw us again by raising the prices on the products we used to make over here that we can no longer afford to buy because all of the good jobs are gone .
We are consumers. We shall be screwed. Resistance is futile!!!!
So Sayeth The Shack
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1 comment:
The economic stuff, outsourcing, etc - all a very vicious cycle isn't it?
BTW - it's so nice to know I'm not alone in my complaints about replacing the toilet paper roll, putting dishes away "correctly" etc., etc.! My son-in-law drives me bonkers when he tries to put dishes away as he is the main offender in that category!
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