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by misnome8 hours ago |
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upvoteby WarmWash8 hours ago|
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It's easy to be upset when you see the wealthiest class of Americans spend all their money on cheap Chinese versions of what you build. Not even because they cannot afford your products, but simply because they can cost cut by going with China.

This rot is also existential, because as domestic players die, that knowledge is also lost.

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upvoteby razakel5 hours ago|
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Where are all these Americans who will work for Chinese wages?
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upvoteby WarmWash4 hours ago|
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The better question is where are all these Americans who will buy more expensive American stuff.
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upvoteby fzeroracer7 hours ago|
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The wealthiest Americans aren't buying shit from China, I have no clue where you managed to get that point from but they're buying boutique shit from Europe or elsewhere.

American-made goods have the worst cost:quality ratio for multiple reasons. Capitalism hollowing out quality, businesses capturing markets. They sit in an area which are unaffordable for your average American as a result of the middle class vanishing and not boutique enough for the wealthier ones.

People voted for a wealthy man to loot everything and he's doing exactly that.

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upvoteby WarmWash6 hours ago|
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Like I said in my earlier post, the richest group of Americans is not the 1%. It's middle/upper middle/upper class suburbia.

This is even more pronounced because these are the people with cash who spend it. Billionaires aren't bingeing Amazon, shien and temu. That 60-90% class of Americans are the backbone of the economy. And they buy tons, tons, and more tons of Made in China.

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upvoteby padjo4 hours ago|
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You're point would make a lot more sense if you didn't say the richest people are not the richest people.
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upvoteby WarmWash3 hours ago|
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You're right, I'm sorry, it's the 60-95%* that are the richest.

The one percentage have a staggering amount of wealth, but it's mostly in assets.

The "upper/upper middle class" have just as much, but it's much more heavily in cash. Those people and their spending is what keeps the economy moving. ~70% of GDP comes from them.

You should check the actual wealth distribution rather than just reading incessant "The 1%..." headlines.

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upvoteby cheonic0258 hours ago|
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