Why are American Businesses Not focused enough on EXPORTS?
by gjosephus, Contributor
- Created: July 5, 2010, 6:02 am
Friends, I have been trying to create awareness among fellow American-Small Businesses about the need for EXPORTS in this country, and have been offering to help them do it. ........ but there seem to be hardly any takers.
.................why is this? I would like your valuable feedback.
Historically, in every recovery since the Great Depression through 1990, when American consumers started buying more; U.S. factories recalled laid-off workers and started making more.
But the problem started when this trend gave way to a new thinking among carpetbagger-entrepreneurs; that we can maximize profit margins by leveraging low-cost manufacturing overseas.
So Today, when the government puts more money into consumers' pockets, it means that Chinese factories recall their workers and start making more. It means that American retailers will hire more low-wage workers, while American manufacturers won't. In fact they lay-off workers.
American Businesses are among the 'most productive' on the planet. So, why are we falling behind?
We have slowly transitioned from a manufacturing leader to a retailing leader, in the world scenario.
Evidence of this are:
- Our furniture makers have lost 60 percent of their productive capacity since 2000
- In the high technology field, only one of the world's top 10 photovoltaic cell manufacturers is American
- In 2008, we exported $1.3 Trillion worth of goods, but we imported $2.1 Trillion, according to the US Census
- Since 1987, manufacturing as a share of our gross domestic product had declined to about 17%, by the early 1990s, then to about 13 % in 2004, and projected at below 10% by 2013. Once the world's leading net exporter, we have become the world's leading net importer - US Census
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