The credit market is in the crapper, poverty is up, the stock market has gone haywire, the housing market sucks. How do we fix it? Well, I believe that the Chinese manufacturing problems are the key.
For years, the U.S. has been bleeding manufacturing jobs with good pay and benefits overseas. What’s been replacing those jobs? Service jobs with shitty pay and no benefits. Now, China, the country we’re sending a lot of our manufacturing to is showing it’s cards. They claim that Chinese products are safe but the reality of it is that they just don’t have the same standards as we do. They want to crank out as many products as they can, make as much profit as they can, and grow grow GROW! They don’t care about pesky things like fair pay, employee safety, or consumer safety. They also don’t seem to care about product quality (but that’s another issue for another day).
So how does lead paint solve anything? Well, let’s bring those jobs BACK to the United States. Let’s start making kids toys here again. Let’s pay people $40,000 a year and benefits to work in manufacturing and give them jobs they can be proud of. Let’s increase consumer spending, wages, the number of insured, product quality, etc.
I think we’re discovering that buying shit cheap isn’t as rewarding as it seemed. My wife recently bought a small dehumidifier. The thing was broken when it got to the house. I think we both would have prefered to pay more for something that would last. Something that we know doesn’t have lead paint. I’d rather spend $20 once than $10 twice because the product breaks down.
So maybe it’s time we all started writing companies like Mattel and ask them to move manufacturing back here to the U.S.