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Reply by Planeman40

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Posted on How much will tools made in America cost

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Planeman40

1453 posts in 3294 days


#1 posted 04-07-2018 05:52 PM

Tennessee is right. I do, however, think Chinese prices will rise and continue to rise for a while without any tariffs. MrRon, you and I are old enough to remember we went through the same thing with Japan. In the 1960s everything made in Japan was poorly made as they were still recovering from the war. Then in the 1970s their quality improved and they really began to enter the USA, In the 1980s we began to panic that Japan was taking US jobs and their quality was becoming even better than ours! (Which was true as we in the USA really had no foreign competition after World War II and we got complacent). In the 1980s and 1990s Japan was making so much money that they began buying up American real estate by the ton, even the Empire State building! Panic ensued! Then Japan’’s workers began demanding more money and their prices rose. And over time they rose to equal the USA labor rates. Japan was no longer able to swamp the USA with cheaper and better products and all was even again. Now the same thing is happening with China . . . and I now read that Chinese workers are now demanding more money. In time it will even up. Then it will be on to India and other countries to begin the great manufacturing game.

-- Always remember: It is a mathematical certainty that half the people in this country are below average in intelligence!


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