Globalization not good for US

October 30, 2003 at 10:19 pm | Posted in Politics | Leave a comment

There was good economic news today as the US economy grew by an estimated 7.2%. However, many are still waiting to see if this is really the start of a recovery or a one/two month anomaly. Most people could care less how much the GDP grows; what matters is whether they have a job and a way to make ends meet. Those who have a job, on the other hand, are worried whether they will still have a job in the months and years ahead. This article should give American workers pause:

In the new manufacturing facility, labor, electricity, tax and government fees will account for only 5 percent of manufacturing costs, according to executive vice president Michael Wang .

Show me a place in America where the above is true and I’ll show you a sweatshop. We cannot maintain our standard of living if we continue to insist on lowest price at the cost of everything else that is important.

Other than that, the good news is that the new, 3rd generation iMacs may be announced at the next Macworld Expo. Let’s hope enough people can still afford them when they ship.

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