My life work was in manufacturing businesses. As a consequence I still receive newsletters and magazines from manufacturing websites. This item says it all. Headline is Foxconn’s New China Plant to Produce 200k Phones/Day, Mostly iPhones. That company will employ 200,000 people at the new facility. The problem is we love iPhones but we don’t manufacture them in the United States. The reason is those workers in China will be earning 1/5 or less the pay we want in the USA. (The U.S. Bureau of Labor Statistics reports assembler average annual pay in the United States is $26,820.00 per year.) Technicolor moved its three manufacturing facilities to Mexico. Those facilities each employed at least 1,000 people. Care to guess why they would do that?
Today I received another on-line newsletter from asiaone business. The headline reads Foxconn to raise wages again at China plant. The item says that employees at their facility at its Shenzhen factory will be increased by two-thirds. That will bring the pay up to $392.00 per month. Businessweek (September 13, 2010 edition) reports that there are 470,000 employees at that facility.
Back in the United States: Where are the ideas from either the GOP or the Democrats for bringing jobs back to America? There are no sensible ideas. The GOP want to give more tax breaks to the corporations that are sitting on almost $2 Trillion in earnings that are being held for some future projects. The Democrats just want to enlarge government to take up the slack but have no idea how to create private sector jobs.
The political parties just hope that the public won’t notice that neither of them has even one worthwhile idea.
Coast Contact 