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hippyjoe1955 · 61-69, M
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HoraceGreenley · 56-60, M
@hippyjoe1955 If incomes keep pace with inflation there is no problem. A small amount of inflation is good as that is a sign of healthy demand for goods and services. Rising income denotes a healthy demand for labor.
Stagnant prices and incomes (or falling incomes as occurred under Obama) are a sign of an unhealthy economy.
Stagnant prices and incomes (or falling incomes as occurred under Obama) are a sign of an unhealthy economy.
HerKing · 61-69, M
@HoraceGreenley Incomes are currently not keeping pace with the CPI.
HerKing · 61-69, M
@hippyjoe1955 [quote]Your point is? Yes prices go up. The products are being produced onshore with higher wage earners.
[/quote]
Actually no they're not. They're produced in offshore places with the same or lower than the USA, but that isn't the full picture. If the raw materials needed for a consumer good is sourced in say Asia, and it's not economic to ship said raw material to the USA but instead build the plant in Asia with local workers, then that is where it will be made.
[quote] Only an idiot would outsource their manufacturing because it is cheaper.[/quote]
Yeah? You need to tell HD, BMW, Daimlar Benz, Boeing, Ford, Honda, Toyota, VW and many many other companies that, they didn't get the memo.
[quote]As was pointed out to the car manufacturers many years ago when robots were being introduced. Great you can make a car for less but who is going to buy it?[/quote]
You'd better ask Honda, Toyota, Daimlar, Ford and Mazda that...They sell the top selling cars in the world, almost all built by robots.
[/quote]
Actually no they're not. They're produced in offshore places with the same or lower than the USA, but that isn't the full picture. If the raw materials needed for a consumer good is sourced in say Asia, and it's not economic to ship said raw material to the USA but instead build the plant in Asia with local workers, then that is where it will be made.
[quote] Only an idiot would outsource their manufacturing because it is cheaper.[/quote]
Yeah? You need to tell HD, BMW, Daimlar Benz, Boeing, Ford, Honda, Toyota, VW and many many other companies that, they didn't get the memo.
[quote]As was pointed out to the car manufacturers many years ago when robots were being introduced. Great you can make a car for less but who is going to buy it?[/quote]
You'd better ask Honda, Toyota, Daimlar, Ford and Mazda that...They sell the top selling cars in the world, almost all built by robots.
Mamapolo2016 · F
Mamapolo2016 · F
@BertSampson I know it's an opinion and I applaud your right to say it. It's just not indicative of maturity.
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Mamapolo2016 · F
@BertSampson You owe me no apology. As far as I can tell you only implied I was immature, which at my age is actually something of a compliment.
bijouxbroussard · F
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HerKing · 61-69, M
[quote][b]The head of US aerospace and defence giant Boeing has warned about potential damage of the growing US-China trade row.
"Aerospace thrives on free and open trade," said chief executive Dennis Muilenburg.
[/b]
He said he was concerned tariffs could push up costs for aircraft manufacturers.
"The aerospace sector drives economic benefits globally," he added.
With both the US and China imposing tariffs on each other's goods, Mr Muilenburg said Boeing wanted to find "alternative solutions" to trade disputes.
"We are concerned it could affect supply chain costs - but those supply chains are flowing in both directions [between China and the US], it is an intricate network around the world."
Speaking to reporters ahead of this week's Farnborough Airshow, Mr Muilenburg insisted that the White House was listening to his firm's arguments.
Check out all our coverage of Farnborough 2018
"We engaged very much with both governments [in China and the US," he said, "our voice is being heard." He was hopeful that there would be a "good resolution" to the disputes, adding "our job is to maintain a long-term perspective".[/quote]
https://www.bbc.com/news/business-44780108
"Aerospace thrives on free and open trade," said chief executive Dennis Muilenburg.
[/b]
He said he was concerned tariffs could push up costs for aircraft manufacturers.
"The aerospace sector drives economic benefits globally," he added.
With both the US and China imposing tariffs on each other's goods, Mr Muilenburg said Boeing wanted to find "alternative solutions" to trade disputes.
"We are concerned it could affect supply chain costs - but those supply chains are flowing in both directions [between China and the US], it is an intricate network around the world."
Speaking to reporters ahead of this week's Farnborough Airshow, Mr Muilenburg insisted that the White House was listening to his firm's arguments.
Check out all our coverage of Farnborough 2018
"We engaged very much with both governments [in China and the US," he said, "our voice is being heard." He was hopeful that there would be a "good resolution" to the disputes, adding "our job is to maintain a long-term perspective".[/quote]
https://www.bbc.com/news/business-44780108
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HoraceGreenley · 56-60, M
HoraceGreenley · 56-60, M
@BertSampson Yeah, well one does not have to submit to being screwed merely because it is the status quo.
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HoraceGreenley · 56-60, M
fazer1k · 56-60, M
They do! Trump will cause US goods prices to rise because costs will be higher and businesses will pass the extra costs on to consumers. He might create more jobs if the demand for home materials increases but that assumes demand for US goods won't decrease as a result of increased prices. It's possible he will reduce the amount of jobs if he gets it wrong. I believe the US dollar is reasonably strong at the moment which is good for importers but will make American goods pricey to the rest of the world.
As for the UK, we have the same issue, potentially, due to Brexit. Apparently prices here have already been impacted and we haven't even left the EU yet.
As for the UK, we have the same issue, potentially, due to Brexit. Apparently prices here have already been impacted and we haven't even left the EU yet.
fazer1k · 56-60, M
@HoraceGreenley American goods and services are perceived as expensive elsewhere. I'm not sure making them more expensive can help.
If America, as a result of tariffs imposed, starts manufacturing more to compensate then you wouldn't need to import so much - I believe that is one of Trump's stated objectives. Effectively you would be closing America off somewhat by supplying your own needs but American labour is relatively expensive and prices of your goods will have to remain high for quite a long time, I suspect. You may reduce your trade deficit that way but you also risk your average standard of living falling as a result if access to cheaper goods is effectively denied via tariffs imposed by America.
If America, as a result of tariffs imposed, starts manufacturing more to compensate then you wouldn't need to import so much - I believe that is one of Trump's stated objectives. Effectively you would be closing America off somewhat by supplying your own needs but American labour is relatively expensive and prices of your goods will have to remain high for quite a long time, I suspect. You may reduce your trade deficit that way but you also risk your average standard of living falling as a result if access to cheaper goods is effectively denied via tariffs imposed by America.
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