trade policy

Labor costs are only 10% of U.S.-China price differential.

"The other 90% is subsidy, currency manipulation, environmental practices run amok and labor practices that are simply deplorable," Leo Hindery Jr., chairman of the U.S. Economy/Smart Globalization Initiative, told the Conference on the Renaissance of American Manufacturing held on Sept. 28 in Washington, D.C., according to Industry Week.

Stupid is as Stupid Does

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forest gump, chocolates

 

Life is like a box of chocolates for American manufacturing.

You can bet all of the good ones have been eaten by China and all of those crappy nasty ones have been bitten, put back in the box and left for America.

In the New York Times article, China Racing Ahead of U.S. in the Drive to Go Solar we have a fine example of American stupidity, as noted by Bonddad.

Remember how we're going to revamp America with all of those green jobs?  Guess what, 90% of those solar panel jobs will be in China.