Quote:
Originally posted by Superman
This is true, Wayne, but perhaps affects us more than actual poor people. Poor people might buy an electronic gadget occasionally, but those are not survival goods and are only purchased with disposable income. This assumes that stuff like housing, fuel and transportation are secure. Those are not among the items enjoying price deflation.
|
Wayne makes an interesting point - lets take it a step further though. His example of the RC car is a great example of achieving lifes comforts. Sure toys are a comfort as is transportation,food, medicine, entertanment & communication devices, personal hygene and education and municipal and federal defense. As those items/devices/services become more available to more people, the overall quality of life improves. The society becomes 'richer'. The USA is the richest overall nation on Earth - maybe ever. It is very possible that it will continue for sometime.
One other thing to consider is that even though the US may not produce the volume of gadgets that Asia does, the USA produces money services. Consider companies that actaully make and companies that are agents of a produced item - which would you rather do?
Look at Wayne's world - talk about agency! His business is money trading and intel - pure American business. Last I knew, Pelican Parts doesn't have a factory anywhere.
(Heck, even G9Girl Shaun is having Asians make is wears. He just is an agent trading money.)