Originally Posted by Immigrant

http://nextbigfuture.com/2011/05/uni...tive-with.html





American wages are going down while Chinese wages are going up, so that they would come close enough that the gap doesn't matter by 2015 when you account for other costs like shipping and import duty.

Heck, VW's new US plant in Tennessee pays $24/hr in wages and benefits(meaning the hourly wages like $12/hr), less than half that of what GM and Ford pays in Detroit. Yet people were lining up for those "good-paying" jobs at VW. Manufacturing jobs that pay $9/hr in Ohio has a competition rate of 10:1.

I can't believe how much America has fallen over the years, but this is the new cold hard reality.