Frank Znidarsic wrote:
Jed, by efficiency, I was referring to the efficiency of the low paid worker.
Ah, that would be cost efficiency.
You are off on the robot thing. Here is the real story.
http://www.highbeam.com/doc/1G1-21077763.html
QUOTE: "Trinity Industries officially dedicated its new carbuilding
plant at Monclova, Mexico, on July 2, and the president of the
republic, Ernesto Zedillo Ponce de Leon, was on hand to lead the
ceremonies. Trinity said its subsidiary, Trinity Industries de
Mexico, had already built 650 grain cars for export to the U.S. this
year . . ."
You gotta have mixed feelings about this:
On one hand it seems that without trade protectionism we are headed
for third world status. I hate to see American workers having to
compete with Chinese and Mexican workers. I have no problem with
protectionism; it seems to work well in Japan. Consumers pay more for
gadgets. But you can be sure that every single generator and rail car
is made there! Although there are an awful lot of cheap Chinese goods
in Japanese stores these days . . .
On the other hand, I would like to see all those Chinese and Mexicans
come up to our level of income. How are they going to do except by
building modern factories? I guess what I would like to see is
Mexicans building grain cars for use in Mexico.
- Jed
