[ExI] undercover at Walmart

[Stathis Papaioannou]

2009/2/11 spike <spike66 at att.net>:

> Last month I bought some Chinese power tools, two drills, two jigsaws, three
> grinders.  Each one cost me 11 bucks.  Seventy seven bucks, for a box of new
> tools durn near too heavy for me to hoist!  Their quality wasn't stellar,
> but acceptable.  The only possible way western manufacturing can compete
> with that is to have a completely automated assembly line, a lights out
> factory, employing approximately one person.
>
> This isn't Walmart's fault, it is ours, for not building the robofactories
> when capital was still available.

It seems to me there is no good reason why the labour of a Chinese
worker should be so much cheaper than that of an American or European
worker. A massive rebalancing of exchange rates is needed.


-- 
Stathis Papaioannou