Quote:
Originally Posted by Baraka_Guru
Just because Asia took away much of the electronics manufacturing, it doesn't mean the American economy is some kind of joke. And it's not that Canada produces these things either.
For the most part, the impact of Buy American affects companies involved in mining & smelting, agriculture, and other sectors of primary industries.
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But we also didn't have massive trade deficits, workers you can't get a raise because there are 5 people willing to do their job for 25% less, massive increases in the amount of pollution because there are no limits on it, and a host of other issues.
If China and India were to buy American products instead of buying the cheaper knock offs, that would be part of it. But when your 'American company' consists on a few upper management in the US, and cheap labor overseas, the executives will make the money for the products they sell, not the workers.