We Just Have to be Patient | Eastern North Carolina Now

    Later on in this posting is a July 2009 Blog Posting that has been read by tens of thousands of people around the world. OK, maybe I exaggerated a bit. To be perfectly honest, I do feel confident in saying it has been read by a few people somewhere or other.

    The Posting addressed the fact that so many of our manufacturing jobs have been and are being shipped overseas.

    Before you (lucky you) get to read that Old Foolishness, you will see I have inserted the first 2 paragraphs of an article in the October 22, 2016 edition of the Wall Street Journal. This WSJ Article appears to be saying that my 2009 Foolishness is not so Silly after all.
    ***********************************
    Article by Andrew Browne October 22, 2016

    Just about a century ago, the Boston merchants who had helped to build the textile town of Lowell, Mass., into the cradle of the American industrial revolution started pulling out. First, the spindles and looms shifted to the low-wage South. A half-century later, they migrated to the "miracle" economies of East Asia.

    In the 1990s, much of the global textile industry relocated yet again, to cities like Dongguan in southern China, the world's factory floor. Now, as Chinese wages soar, textiles and apparel along with other labor-intensive export industries are on the move once more, this time to inland China and, increasingly, to fast-growing regional rivals such as Vietnam and Bangladesh.

    ***********************************
    We know that Mr. Browne is smart because he writes for the WSJ. You, my dear readers, are smart because you read what I write for you...

    Blog Posting by the Smartfella July 13, 2009     (The comments in parentheses below were obviously not in the 2009 posting.)
    Many of us are concerned about American jobs being shipped overseas. Many of us believe this to be a sign portending really dire happenings to the Economy of the Good Ole USofA. The SmartFella says don't worry it is all going to be OK...eventually.

    We Just Have To Be Patient!

    Here is what's going to happen...

     In the years to come, we will see more and more of our jobs transferred to countries like India, Vietnam, Bangladesh and China.
     Our economy will continue to languish.
     We will see unemployment rise at a rate that we once would not have thought possible.
     Our children and grandchildren's lifestyles will fall below that of their parent's, generation after generation.
    (That crazy Trump guy might make the above 4 bullets not come true but don't count on it because he is crazy...Or is he?).

    We Just Have To Be Patient!

    It will turn around...

     Eventually, these labor-intensive manufacturing jobs over there will begin to move back over here because we have become the home of cheap labor since we have been in dire straits for decades.
     As the Over There Countries have boomed, their workers have demanded and have received ever increasing wages.
     Slowly but surely we will see our economy rebound.
     The lifeblood of prosperity will fill our economic veins.

    It's going to be wonderful!

    We Just Have To Be Patient!

    Would I kid u?
    Smartfella

    Lagniappe: Lowell, Mass will be a boom town all over again and their workers will start demanding higher wages.