Originally Posted by
Blackstone
That’s the problem. We look short term on everything. We will buy goods at Walmart to save a few dollars. In order to supply those cheaper goods to Walmart, some U.S. manufacturer shut down their plant here and moved their operations to China. The workers terminated at the U.S. plant is now forced to take a service job for almost ½ the pay, if they can find a job at all. The displaced workers can no longer afford to buy the goods you produce, so your plant shuts down, or they move operation to China to reduce costs, so they can sell at lower prices. Now, you’re out of work and forced to take a lower paying job too. They cycle continues.
