I know a lot of Americans who absolutely hate the idea of our products coming from other countries. They whine and complain, saying, “they’re stealing our jobs,” or they state that in fact, the workers are underpaid and oppressed in their jobs because it is a 3rd world country.
In fact, when our factory jobs go overseas, it’s a good thing. Not only do we stimulate the economy of the countries, and add wealth to the country, we get a good product as well, at a lower price. They are happy to have a steady income, that probably pays more than they would get without the factory, and our pocketbooks are better off because the wages of paying their employees are lower.
Does it take away American jobs? In a way. Do we as Americans want to work for $5.15/hour (actually more now that minimum wage is going up)? Do we want mundane factory jobs? No, most of us do not. Our nation is moving away from the low, hourly rate jobs, and into the educated, high salary jobs. There are plenty of jobs for the uneducated, and even though it hurts when 1,000 people lose their job to a factory relocation, without change, our economy will never grow.
It’s important to remain informed on the major issues. A lot of times, politicians will tell us what we want to hear, but it’s not always what’s best for us in the long run. So, before you complain about the economy, make sure you know the facts.