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September 21, 2015
Why US manufacturers are nixing the US for China
For us, it's more important to find well-educated, motivated people at the right cost—which, by the way, is probably one quarter of the U.S. cost. - Racho Jordanov, CEO and president of JHL Biotech
Schedule for Week of December 22, 2024
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Happy Holidays and Merry Christmas!
The key economic report this week is November New Home Sales.
*----- Monday, December 23rd -----*
8:30 AM: *Chicago Fe...
3 hours ago
4 comments:
When human labor is a commodity, that is an accurate statement. Marx my words.
Mr Slippery,
Hunan labor produces babies at less than 1/4th the cost.
Badum-ching. Sigh.
The integration of the PRC into the dollar bloc was the biggest thing that happened in my lifetime.
This has been ongoing since 1985 or so . . .
https://www.census.gov/foreign-trade/balance/c5700.html#1985
shows trade was ~$4B/yr then, each way.
1990, $5B in, $15B of goods from them
1995, $12B -> $45B
2000, $16B -> $100B
2005, $40B -> $240B
2010, $90B -> $360B
2015, $120B -> $440B
it's magic!
$300B of free wealth each year now, that's $1000 of free stuff per man, woman, and child.
Wonder when the bill is going to come due tho . . . of all the things I wonder about, that's the one I have no idea what's going to happen.
Troy,
Wealthy foreigners bought $100 billion in US real estate
According to the National Association of Realtors, sales of U.S. residential real estate to overseas buyers between April 2014 and March 2015 reached a record $104 billion, or about 8 percent of total existing home sales.
Perhaps this is an early sign of the "free lunch" consequences.
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