China Starts Outsourcing From ... the US

hackingbear writes: Burdened with Alabama's highest unemployment rate, long abandoned by textile mills and furniture plants, Wilcox County, Alabama, desperately needs jobs. And the jobs are coming from China. Henan's Golden Dragon Precise Copper Tube Group opened a plant here last month, employing 300 locals. Chinese companies invested a record $14 billion in the United States last year, according to the Rhodium Group research firm. Collectively, they employ more than 70,000 Americans, up from virtually none a decade ago. Powerful forces — narrowing wage gaps (Chinese wages have been doubling every few years), tumbling U.S. energy prices, the rising Yuan — up 30% over the decade — are pulling Chinese companies across the Pacific. Perhaps very soon, Chinese workers will start protesting their jobs being outsourced to the cheap labor in the U.S."

Comments

GOP troll straw man

[globaljustin]

hardcore socialists complaining about the theory that a rising tide lifts all boats (ie: Export wealth properly and everyone will benefit)

I know many "hardcore socialists" personally, and read/watch several public figures who are "hardcore socialists" in various media...and NONE make the argument you claim they make

no one says that

except GOP trolls creating a straw man...you're a GOP troll, trying to create a straw man