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80 Million Manufacturing Jobs Lost
The title is shocking, but it could be a reality, to China. Light manufacturing, you know, the manufacturing that used to be in the United States, moved to Japan in the 70s and 80s and ultimately found a home in China. Well those jobs aren’t permanently there either. It turns out that China’s rising labor costs are creating an environment not conducive to maximized profitability for multi-national corporations.
In a recent article by Reuters,
(Reuters) – Rising labor costs will push over 80 million Chinese jobs in light manufacturing abroad over the next three to five years, with African nations well placed to lure many of them their way, the World Bank said.
China’s economic success and hunger for resources have helped boost African growth, but Ezekwesili cited a World Bank estimate that rising Chinese wages would lead to manufacturing firms going elsewhere, taking with them 83-85 million jobs.
“They are going to be looking to move — Africa is going to be an important destination for that,” she told Reuters in an interview, calling on African countries to “step up their game” to improve the business environment to lure jobs their way.
“It will not only be China. At some point it will be a number of the emerging economies. They will move on and some of their own areas of previous advantage will need to move,” she said on the margins of an AU summit in Equatorial Guinea.
Hold on a minute, why are manufacturing businesses going to leave China? WAGES? I thought it was regulation, taxes and an overbearing government that drove jobs away?
The conservatives have been telling the American people that if just deregulated, lowered taxes and just got the government out of the way of the free market all the jobs would come back to the U.S.A.
All along it has been Americans’ wages and free trade that drove the businesses away. I am so surprised nobody has been saying that. Of course I am being sarcastic; LIBERALS have always and consistently been the protector of Americans’ standard of living. Liberals have said, taxes are not the reason for the outsourcing of jobs, it’s free market, free traders and ultimately greedy corporate shareholders that are responsible for it.
If the conservatives want to talk about HOW EXCEPTIONAL America is this FOURTH OF JULY, they better also talk about the American EXCEPTIONAL standard of living that has been under assault by the corporations and conservative free market, free traders who shipped our jobs overseas in search for cheaper labor.
EIGHTY MILLION JOBS will be lost, let that sink in.
Africa will be our children’s “China” within the next generation if we don’t change our economic policies and stop listening to the lies from the GOP leaders.
The Republican Party has never defended middle class wages. As wages went down for many of us, the GOP’s solution wasn’t to increase our standard of living, it was to reduce taxes on the wealthy and they will voluntarily share their profits with the workers. How has that worked out for the rest of us, seeing that 88% of income growth went to corporate profits and only 1% went to workers since 2009?
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26 Responses to 80 Million Manufacturing Jobs Lost
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AFM
Jul. 4th, 2011 at 9:19 pm
Wonder if there is some way we all could boycott companies that move their companies overseas? Maybe we need to start looking at products and see who makes them. We all must make a point in buy USA products. I would love to do that. But why do they charge more for their products. Sometimes I can’t afford to buy them and am forced to buy what I know is cheaper and I can afford.
Ray Medeiros
Jul. 4th, 2011 at 9:46 pm
www.facebook.com/pages/Am...
www.facebook.com/Margarit...
Just a couple of sites to browse
Nasty Liberal
Jul. 4th, 2011 at 11:35 pm
In many cases, higher initial cost is offset, even more-than-offset, by superior durability or longer service life.
Nasty Liberal
Jul. 4th, 2011 at 11:38 pm
A sign you might see in a shop here and there, worded one way or another: The pain of paying too much goes away soon enough while the pain of paying too little persists.
elvis
Jul. 5th, 2011 at 2:27 am
just look for anything china stamped on it…..mexico, pakistan….you name it …..if it’s foreign stamped you can bet your rear there’s an american company behind it
Denny Smith
Jul. 4th, 2011 at 9:24 pm
“Sometimes I can’t afford to buy them and am forced to buy what I know is cheaper and I can afford.”.
Ah AFM, you have stumbled across the beauty of the free market.
The secret to it all is us: we act in our own best interests, just as the corporations do. To remedy it, we have only to make it not in their best interests to ship jobs overseas. With the corporations owning DC, how likely do you think it is that that might happen, eh?
Jim H.
Jul. 4th, 2011 at 9:26 pm
No wonder the House Republicans have been dragging their feet “creating” the jobs they Pledged to America last year. They don’t want to admit out loud that there are no jobs without a manufacturing base in the U.S. and the people who moved them off-shore donate heavily to Republican candidates.
It adds to the “I got mine, screw you” reputation of Republicans, the wealthy, the ideologues who are both apologists for and useful idiots to the GOP.
Nasty Liberal
Jul. 4th, 2011 at 11:30 pm
And there it is. I’m not judgmental, so have no issue with greed per se… but short-sighted greed is infuriating! How high must the walls of gated communities be, after all? How many spaces are there on those sea-borne communities that PayPal founder proposes? Ships of fools…
Nasty Liberal
Jul. 4th, 2011 at 11:32 pm
Aren’t these fools particularly fond of the fella used ta’ say You can run but you can’t hide?
Tom
Jul. 4th, 2011 at 9:46 pm
Boycott them til they holler uncle !The tactics they use are criminal and they should be treated like the traitors they are.We made them successful and they abandoned us. It’s time to show some solidarity .Every Overseas Company that left this Country should suffer the way they have made the American Worker suffer.The only way to do this is the bottom line.If we don’t buy from these thugs maybe another manufacturing base can emerge in the US ?
Reynardine
Jul. 4th, 2011 at 10:36 pm
If not enough of what you need is being manufactured in the U.S., consider getting stuff at charity shops, secondhands, and garage sales until they begin making it here again. Clearly, that doesn’t work on lightbulbs and toilet paper, but after this pretty little Chinese fridge crapped out as soon as its warranty expired, I got a GE dorm fridge, old-fashioned, uncomplicated, made in America, that runs like a clockwork orange. That’s how we save good stuff from those landfills and keep them small, and that’s how we tell the corporatocracy we’re not taking their offshoring and planned obsolescence any more.
Nasty Liberal
Jul. 4th, 2011 at 10:59 pm
That’s definitely part of the remedy on a lot of fronts.
Nasty Liberal
Jul. 4th, 2011 at 10:57 pm
Boycott? Be serious. There better be a more innovative solution, because that dawg won’t hunt. I know this because although a believer in global trade I had boycotted Chinese products (for reasons of human rights) from the time of the 39th President until I needed a replacement computer in 2009. End of boycott. It was either that or no computer at all, without price even a factor.
I buy one specific brand of sneaker (cough New Balance cough) on the basis of American assemblage (and durability) and have for over 20 years, but each year the models I can choose from get fewer and fewer… and that’s a company with an avowed and so far as I see sincere commitment.
I haven’t bought Levi’s jeans in a dawg’s age and more. I went to Carhartts long ago. Well guess what? It’s been three years since those were US-made (well, at least Mexico is still in the Americas).
Innovation is the only way forward. Transport and shipping costs are a factor. So is rapidity of response in a fluid marketplace. The President has recently pointed to how a superior mastery of automation (yes, that’s a two-edged sword) can provide an advantage in quality of product…
Lastly? Consider the present poverty in Africa, and the plight of the womenfolk in particular. Bear in mind that globalized production, for all the shortcomings, has been a primary engine in at least somewhat relieving the oppression of women in Southeast and Southwest Asia.
These are ultimately tricky questions yielding not to simple solution.
Ray Medeiros
Jul. 4th, 2011 at 11:03 pm
My question is, does globalization just shift poverty around the world? Think about Detroit and how bad it would be WITHOUT some sort of liberal safety net.
It would look like the 1930s or in that case modern day China (inner city)
Nasty Liberal
Jul. 4th, 2011 at 11:06 pm
Activism and labor organization will only become more important, to be sure.
Nasty Liberal
Jul. 4th, 2011 at 11:08 pm
Innovation In All Things
Nasty Liberal
Jul. 4th, 2011 at 11:04 pm
Addendum: I boycotted China for two reasons, truthfully– human rights, yes, but geopolitical strategy (yes, American ascendancy) as well… which of course made buying this computer all the more galling.
Nasty Liberal
Jul. 4th, 2011 at 11:17 pm
Say… as if the economic, jobs, and standard-of-living issues didn’t make this news terrifying enough–consider how the prospect of 80 million jobs just might ramp up the already aggravated by resource scarcity war pressures. Oh, yum.
Nasty Liberal
Jul. 5th, 2011 at 8:10 am
Edit: 80 million jobs departing
As Senator James Webb (D-VA, and candidate Obama’s first choice for running mate in 2008 by the way) suggested on Meet The Press Sunday last, the “Munich Moment” is upon us (that was not in any way a veiled dig at the President, by my lights; this has been a long time coming and Webb will tell you himself he is only saying we face a choice). Batten down the hatches, people.
Shiva (Moderator)
Jul. 4th, 2011 at 11:17 pm
Many dont know it, but many firms that went to Mexico left there for China.Many of the companys in Korea left for China. Now they are leaving China for Thailand and vietnam.
Only one answer. Tax the offshore ill gotten booty when its made by US companys. They dont want to pay? Let them move and make way for small companys here that wont have to worry about being taken over and put out of business
Nasty Liberal
Jul. 4th, 2011 at 11:22 pm
You run into a serious Catch-22 here, at least over the short-term: we can’t afford products so as it is.
tim staschak
Jul. 7th, 2011 at 4:00 pm
Honestly that makes a lot of sense to me…!!!…
Nasty Liberal
Jul. 4th, 2011 at 11:18 pm
Say… as if the economic, jobs, and standard-of-living issues didn’t make this news terrifying enough–consider how the prospect of 80 million jobs departing just might ramp up the already aggravated by resource scarcity war pressures. Oh, yum.
rjwalker
Jul. 5th, 2011 at 9:06 am
When jobs are exported, our country is weakened – so when conservatives excuse corporations doing that, they are telling us corporations are more important than our nation.
And yet, at the same time, they desperately want to believe they are the pinnacle of patriotism.
Maybe trying to be both is part of why they act so crazily.
mel in oregon
Jul. 5th, 2011 at 2:19 pm
well there aren’t any solutions i know of. as long as we have a corporate/military complex that controls congress, the executive office,& the supreme court, we the people don’t have a chance, period. eisenhower warned us 50 years ago, it’s always been plain to see. the reason we don’t protest like egypt, palestinians & other oppressed people is our comfort level is still so much higher than 3rd world countries. after all nearly 3 billion people exist on $2 a day. so we aren’t ready to go out in the streets & die. that’s the difference. boycotts are about as far as we are willing to go. but do you really think the koch brothers or coor’s brewery is losing any sleep over a boycott? the wealthy will continue to move jobs overseas as fast as they can. sometimes they don’t even have to as automation replaces labor by the millions. as the population explodes to 10 billion, starvation & disease will overwhelm all efforts of technology to find a way out. as global warming destroys the polar ice caps, water will be another cause of warfare. when we run out of oil, the real shit will hit the fan. we are headed for nuclear war, everything else is just secondary. i always try & be optimistic, however, there are no longer any grounds for it. eat, drink & be merry is the best idea, particularly if you are young.
Max in Miami
Jul. 7th, 2011 at 5:08 pm
this country had it’s day in the sun.
the conservative movement started by reagan killed that.
now it is china… for awhile.
and then it will be africa’s turn.
by then we will be dirt poor and third world.
and it will come back our way.
yeah for the great grand kids!
it all boils down to the damn christian conservative movement.
so blame a christians like they loved to blame every body else for everything.
bring in the lions please!