[quote=bearishgurl]
“. . . The reality is that no matter how smart, how strong, how educated or how hard working American workers are, they just cannot compete with people who are desperate to put in 10 to 12 hour days at less than a dollar an hour on the other side of the world. [/quote]
The word is skilled labor. The silver lining is once that desperate worker gets a job, they’re kids don’t want it. They’ve got a taste of our lifestyle and the kids there want our lifestyle.
So in the end, the big question is: are Americans going to actually build the equipment for powerplant windmills or will we leave that to the largest manufacturer, China. Will we mine the materials needed, or will we leave that to China. Will we smelt our own ores, or will we leave that to China. Will we produce our own engineers, meaning we need to encourage and help our children study, or will we attempt to import them from China.
Cheap labor may be taking all of the unskilled labor now. That’s the leftovers of Ford’s biggest invention. Eventually, robotics will replace all of them, (I hope). Frankly, I don’t think so, I think we’re about to stall into a second stagnant medieval period, stalled just like then, by the abundance of cheap labor caused by surging populace and ignorance.
