Classe move to China

Who benefits from the decline of the American middle class?
01-05-12: Pubul57

In the end Nobody does....

In the short term the middle class wealth will continue to be transferred to the wealthy. But in the end even they will lose.

Why did Henry Ford implement the assembly line and pay his workers, what was considered for its time, a high wage?

Henry Ford

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Globalization Equalization will kill the middle class in this country.

In 2001 I remember watching an economic advisor of GW Bush on Lou Dobbs.

The subject Globalization.... The Bush advisor went on and on how great Globalization was going to be for world economies. How much cheaper products would be here in the US.

Dobbs asked the guy about the jobs that would be lost due to US companies moving their manufacturing to countries with a cheap labor force, like China, and India. The guy said yes there would be some pain. Workers would lose their jobs and would need to be retrained for new jobs.

The advisor spoke of Globalization Equalization...
As the standard of living increased in poor countries, like China and India, those workers would have more money in their pockets to buy goods and services. And that in turn would help American Exports.....

Dobbs asked the guy about the standard of living of American workers during this equalization process. He admitted it would decline somewhat.

When asked how long he thought this equalization process would take he responded, About 25 years.....
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So look on the bright side we are damn near half way there.
Want to speed up the process? Buy a Classe amp Made in China....

And the beat goes on ................

China hasn't done anything to us. We did it to ourselves by believing Rush and his thousand clones and the Faux News propagandist blather.
We may have elected GWB twice - or we may not have - but we got the Bush-Cheney Regime nonetheless and now we are poised to get much worse.
Fiddler says his world isn't burning, maybe mine is. What he fails to recognize here, and what all the free marketers overlook, is the simple fact that it is OUR WORLD. We all live here and we all need to be concerned about how we care for our home. We need to place the well-being of our home above profits and personal ideology. We need to care about making our home as safe and sane, as compassionate and purposeful and as prosperous and kind as we can manage.
The "us vs. them" mentality and diviseness perpetuated by the 1% is deliberate. They want us blaming each other instead looking at the real problem, them.
The ultra wealthy strive to deprive their fellow citizens of unemployment benefits they were legally required to pay into. They refer to the mandated savings accounts we all have in Social Security as entitlements. That's like calling their cash stockpile an entitlement. It is. They are entitled to their own money just as all of us are. Why do they want to stop us from collecting our own funds?
This goes on and on.
If you lost a $65,000/yr. job, do you think it went to an illegal immigrant? Nope. The "job creators" took your job to create one in Asia for 15% of what they were paying you.
Classe may have held out as long as they could before surrendering to the reality that we would find another alternative rather than pay what it costs to make the stuff in Canada. So it was China or Chapter 11.
OOPS!! Does Canada have Chapter 11?

Well! This has been an interesting thread. Let's see the jobs report tomorrow. Seems things are less crappy than a year ago, though as we know, all jobs are not created equal. I wonder what the median household income looks like today versus 3 years ago, 10 years ago, and 25 years ago (in constant dollars). All I know is that is a lot easier today for a young couple to buy a house in line with their real income and ability to pay - no hocus pocus loans creating the illusion of affordability, or the false sense that RE always goes up in value, at least not at 20-30% a year.

Geez, this thread has really gone viral and no one has brought up religion yet. You American boys are well behaved.

Classe did not move to China. It is B&W, the now parent company, that moved Classe to China. Executive decisions such as this one are no longer made in Montreal. I do not own Classe but i have read great product reviews in TAS and Stereophile over the years. Me, i will never own a $15K amp or preamp with a made in China badge. This is how you have to look at this; would you own/buy a Ferrari, Porshe, Alfa Romeo made in China? Would you own/buy a $43K Audio Research REF 610T made in China?
Well let me answer that for you.
You may have to some day. ARC is now owned by a private equity firm with holdings in a variety of global industries. How fast you think that this conglomerate can pull the pin on ARC?
Here's the next thread: "Audio Research move to China".
How viral would that go?
Classe did not move to China. You're just having a bad dream.

We have met the enemy, and it is Us.