Replying to The death of Wal-Mart
So, most of you probably know the story with Wal-Mart, and its use of Chinese production and labor in the manufacture of their products. I think we can all agree this is due to the super-low cost of Chinese laborers. America was once a production-based economy, and that provided the foundation for today. So, my question is, what will happen when China pulls the plug? We are very very far in debt, and essentially at their mercy. We can either wait for them to call it all back, or we can bring production back home...
My question is, how many of you would actually be willing to put in a hard day's work for minimum wage? I've read studies that list American auto workers as making over $20 an hour with a very healthy benefit package, and I think that's why our manufacturers went to cheaper pastures.
So would you work cheaply for your country?
And even worse, would you be able to live normally if all Wal-Marts disappeared tomorrow?
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