/biz/ - Business & Finance

>>29349547
this is establishment politicians selling our production to chinese scav workers

>>29349597
Yeah but our trade deficit is six to seven times higher than China’s, who else we selling our production to?

What's the problem exactly? It's much cheaper to import goods from shitholes than it is to produce them locally in the US. That means Americans can get affordable products while also having enough money to keep our service economy running. If we produced everything locally most products would be expensive as fuck.

>>29349748
We don't. We hardly make things anymore. We just buy shit nowadays. The largest portion of our economy is in services, not manufacture.

>>29350293

it means our economy is now running on fumes and everybody is a nurse or an Uber driver. Guess who sustainable that is.

>>29349547
Fed prints money. Give monopoly money to countries in exchange for physical goods. Not sure how long this scam is going to last

>>29350293
Is it really that expensive or have market manipulators made it so?

>>29350571

It's pretty funny, they overregulate the hell out of the domestic economy, force production costs to be much higher than 3rd world shitholes that do none of the same, then rugpull, letting the 3rd world shithole join our market and drain the work. Shit is criminal and Americans are taught to cheerlead it. We deserve our demise desu.

>>29350634
It’s just so damn infuriating watching this country be bled dry like a cow in a kosher slaughterhouse.

>>29350571
its not. an iphone would cost the same if it was made in america by factory workers paid 50-60k a year
the only difference is the profit margin apple would receive.
labor costs are a meme for mass produced objects

>>29350634
We need a revolution bad

>>29350845

I'm getting past the anger stage. I talk to a lot of friends my age and they hardly care. Reactions range from denial (and usually just insulting me) from the more liberal types to shoulder shrugging from the rad centrists and "conservatives." We are weak people, this is a soulless demoralized country, it will decay. All we can do is get our buck. When I try to think of our greatest collective mistake as a country I'm thinking it's universal suffrage, democracy only really worked when it was a small, concerned share of rational stakeholders voting, not this mass of programmable retards.

>>29350550
As an American I think it’ll last until someone calls our buff. It will take military power for that to work though.

>>29349547
>looking at differences instead of ratios
>not per capita
grug see number. number big. grug upset

>>29351190
gdp to trade ratio of America 27%
China? 37%
Russia? 51%
Am I really misinterpreting the data?

>>29351190

How about manufacturing jobs going from 55% of the national economy to 15% in a matter of 10 years, that sounds pretty drastic to me

>>29351360
it just means china's GDP is fake, and GDP in general is kinda fake

>>29351459
Everyone and their mother is going for RN right now. It's crazy how packed classes are

>>29350293
>Hey anon look how cheap foreign slave labor made this iPhone only $1000!
>oh what's that you don't have a job to pay for this or a house or a family oh well better luck next time haha

>>29351676
Well regardless of that bit of speculation, it doesn’t take a high iq to notice the decline of America’s manufacturing might. Most Americans are also lacking in hard skills too these days and are heavily dependent upon someone else to fix their shit for them. We use to be a way more industrious people. Other nations are profiting off of our sloth and glut.