The Transfer of Wealth & Jobs
(Thanks Walmart)I have been pessimistic about our transfer of jobs and wealth to these industrial / manufacturing based countries, since my days of running the family hardware stores 70's & 80's.
I still struggle with what is good for America and our recent crises has really got me thinking about this again.
In my opinion, it is usually only the upper management and larger stock holders that benefit from moving manufacturing overseas. How many blue collar and now white collar jobs can our economy stand to loose?
Well the truth is – we’re cooked – the baby is already born.
But - none of that matters compared to this next statement:
What happens when the technology and know how to “mass produce” the guns, the bullets, the planes, and the bombs - all resides with China?
There is a huge learning curve that we have just handed over to them – one that took the US many years to figure out.
It's not the ability to make one bullet that concerns me – it's the ability to make billions of bullets that scares the hell out of me.
The last time I checked – they are still a communist country – with very heavy censorship. What is their ultimate goal? – I think I know.
Your CEO
Corporate America Sucks