Subcontracting is just a misnomer, and the accusation of stealing of USA jobs is a fallacy. It was the cheaper labor and the insidious intention to export its pollution to China, taking all the brickbats in the process. That agenda was the reason that the USA and the West allowed investments to flow into China. After all, cheaper products made in China was a godsend for them to enjoy.
The irony is that the USA and the West failed to realize that China inadvertently was given the opportunity to corner the raw materials to cater to its development, trained all the skilled workers to grow its manufacturing sector, and China was also able to provide a domestic market through lifting a major segment of its population out of poverty to support those manufacturing activities, besides growing its export market and competing with the West.
I should say that China opening up to the West was a blessing in disguise accruing to China in the longer term, which provided all the incentives for China to move ahead aggressively in every sector today.
Now trying to reverse the trend by attempting to bring back manufacturing to the USA is too little too late. Trying to stop China growing is also futile. Besides, pushing Russia towards China is self-defeating, with Russia now fueling China's growth with cheap energy to feed its manufacturing. With Ukraine cutting off the transit of gas through pipelines, this is forcing more Russian gas to flow to China, adding insult to injury. I have never seen such acts of self-feet shooting so openly displayed on such a scale.
Anonymous
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I do not buy into the propaganda that job creation in the USA is as rosy as they claim. It cannot be, with all the retailers closing outlets, food and beverage outlets biting the dust and companies filing for bankruptcy. What other job creation has been fueling the rosiness in the jobs market I wonder? It is all a mirage, a hot-air balloon.
Last year, they adjusted and lowered the job figures that were over reported to the tune of 818,000. That was a massive over hyped of about 70,000 jobs created per month, or about a third of total jobs created on average. No harm done in the face of this anomaly. So, what harm does it make if they repeat the same thing this year?
The narrative of gloating over the rosy job market is that this is going to be to Biden's credit providing Trump a great advantage with a great USA economy, which will make Trump's job more difficult. Trump may be even more demented trying to do one up on Biden. I am waiting for Trump to prick the jobs creation balloon for last year to make his job creation look even rosier going forward. We know for a fact that USA leaders can always pluck figures from the air without anyone the wiser.
In the face of the job figures being touted to be strong, we must factor in the year-end Christmas shopping spree. More critical was and is the frenzy buying spurt, that the USA people are doing in anticipation of a spike in prices, following Trump's tariff policy coming into force when he assumes office.
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