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Reply to "Media (e.g. CBS) assumes tariffs will be good in the long term"
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[quote=Anonymous]Look, as someone who works for a DMV company whose products are manufactured in China, even with the tariffs, it's still cheaper for us to have our product manufactured in China than it was when we manufactured in the US. It's also faster. Let that sink in...it is faster to have products manufactured & shipped to the US from China than it was for us when the products were made in Wisconsin & shipped to the DMV. The US cannot compete with China in manufacturing unless the US completely guts its regulations. I mean, they're kind of on track to do that - let's be honest - but even then, you have to have a populus willing to work for crap wages, and we don't have that. We don't have a slave labor class in the US. A lot of people like to think the food service industry is made up of slave labor, but they get paid 10000x more than Chinese factory workers. A typical Chinese factory worker makes like $50,000-$60,000 Yuan/year which is just around $6,000-$8,000 USD/yr. PER YEAR. I know someone who only does DoorDash and InstaCart as their jobs and even they make $60k-75k each year depending on how much they want to work. [/quote]
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