My company purchases roughly 1 million in product from national distributors. I have called each of them and asked for a list of where each product is manufactured and where the elements for that manufacturing process come from.
This. Hong Kong used to be an industrial powerhouse until factories were moved to Mainland Chyna, after which HK became a financial center, and the economy became more volatile - it suffered from the 1998 financial crisis, SARS, 2009 financial crisis, and now the Chinese Virus. Local people lost their jobs. Immigrants keep coming and claiming benefits.
I'm from Hong Kong, and I think HK and America suffer from the same shit and need the same solutions.
General concept correct, but 48 years of transfer of manufacturing to China is way off. Did not start in earnest until mid to late 90s. To China.
To other Asian countries you are correct. I work in an industry that actually led this move to Asian manufacturing. Singapore, Philippines, Malaysi, Korea, were all first ( late 60s, early 70s). China much later in late 90s.
But your point is valid on China The transfer to China was bigger, across more industries, and faster to move there once it started.
Nixon marked the beginning of the manufacturing outsourcing to China in 1972. The outsourcing started from nothing in 1972, but it built up rapidly until it becomes a huge trend in the late 80's and remains until now. Nonetheless, 1972 marked the year when the American corporations began to realize that they could enrich themselves hugely by shifting manufacturing to China, thereby emptying out factories in the mid-west and contributing to the wage stagnation and the decline of the American middle class.
That sounds about right. I met a guy though car forums in the early 2000s, and he was basically traveling around western North Carolina buying up furniture factories to ship to China, lock stock and barrel.
What has happened, is Wall Street and Washington sold out Main Street for fun and profit for themselves.
“Yea but if I have to pay more for a T-shirt I don’t directly benefit! Just like if I don’t qualify for a check in the rescue package!” - Short sighted cry babies
My company purchases roughly 1 million in product from national distributors. I have called each of them and asked for a list of where each product is manufactured and where the elements for that manufacturing process come from.
Fuck off China.
Winning
If you folks need help with domestic shipping I can help just FYI.
China is Asshoe
This. Hong Kong used to be an industrial powerhouse until factories were moved to Mainland Chyna, after which HK became a financial center, and the economy became more volatile - it suffered from the 1998 financial crisis, SARS, 2009 financial crisis, and now the Chinese Virus. Local people lost their jobs. Immigrants keep coming and claiming benefits.
I'm from Hong Kong, and I think HK and America suffer from the same shit and need the same solutions.
America has also been the at the forefront of innovation. Whereas China, for example, has dominated the imitation market.
General concept correct, but 48 years of transfer of manufacturing to China is way off. Did not start in earnest until mid to late 90s. To China.
To other Asian countries you are correct. I work in an industry that actually led this move to Asian manufacturing. Singapore, Philippines, Malaysi, Korea, were all first ( late 60s, early 70s). China much later in late 90s.
But your point is valid on China The transfer to China was bigger, across more industries, and faster to move there once it started.
Nixon marked the beginning of the manufacturing outsourcing to China in 1972. The outsourcing started from nothing in 1972, but it built up rapidly until it becomes a huge trend in the late 80's and remains until now. Nonetheless, 1972 marked the year when the American corporations began to realize that they could enrich themselves hugely by shifting manufacturing to China, thereby emptying out factories in the mid-west and contributing to the wage stagnation and the decline of the American middle class.
Lot of shitty old tools were made in Japan. A Japanese ratchet remains the only one i've ever broken.
That sounds about right. I met a guy though car forums in the early 2000s, and he was basically traveling around western North Carolina buying up furniture factories to ship to China, lock stock and barrel.
What has happened, is Wall Street and Washington sold out Main Street for fun and profit for themselves.
National security risk
48 years? It can't be that long.
“Yea but if I have to pay more for a T-shirt I don’t directly benefit! Just like if I don’t qualify for a check in the rescue package!” - Short sighted cry babies
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