Do you remember when the NAFTA was first ratified by the United States, Canada and Mexico? I do and I remember all the debates on if it was going to help or hurt the Untied States? In my opion I feel that it has hurt the United States more then it has helped! You ask why? Well think back before NAFTA most of the Manufacturing was still in the United States, now where is it? Canada has a taken some of this; and there are many companies that have moved to Mexico, to take advantage of the Cheap Labor.
Was NAFTA the opening of the Door which allowed U.S. Companies to move their Manufacturing to lower labor cost areas? I feel that it was and all you have to do is look around and noticed what is made in America now days, you will probley noticed its not that much. And why wouldn't the companies move their Factories; remember the job of the Managers of these companies is to make the most money for their Share Holders. So moving your manufacturing to a low labor cost area only makes sense right!
What happens when the United States starts to have issues with not enough jobs to support its populace? Well one thing goods can not be bought! Then where these companies be trying to sell their goods in a country that can't afford it? So now they start selling their goods to other countries; and now they are no longer a American Company.
Well America turn into a 2nd rate country living off of the handout of others? Only time will tell on that subject; but I do know one thing, if our Government does not change its way of thinking and start looking out what is best for America and not the rest of the World. Then we will continue to lose what Companies we have left in American; and we will turn into a true Welfare State, which we are not far off of now. Just look at what has been happening in the news today. The Government is Bailing out Companies; basically put these companies on Welfare. So when does it stop?
1 comment:
I agree. America has done to much globalization which has caused the lost of jobs and brought down the economy.
Post a Comment