Quote:
Originally Posted by mike1498
Just so I can understand, how is China a vehicle for his wealth? China doesn't choose the wage increase for American Amazon employees. Bezos does. If we are looking solely on wage increases in america, china does not have a factor on how much Bezos gives to his workers.
EDIT: I get what you mean. You were dropping the wage disparity part and just saying it's cheaper to make stuff over there. You have to understand that certain parts of Amazon's business plan isn't as achievable in China. Hence why you see Amazon as one of the biggest employers in America. This is just comparative advantage and based on our countries views we allocate our resources differently than China. It's not a bad thing as long as it's sustainable.
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Yes. Consumers are attracted to the convenience of the Amazon business model. However, the site is full of Chinese sellers/manufacturers that ours have difficulty competing with. Our manufacturers are forced to close or move capital to other low cost jurisdictions. Lost jobs equals lower wealth and people have no other choice but to buy the cheap Chinese stuff. It is a vicious circle as we race to the bottom.
That is where I believe as much as a business focused person Trump is, has said hold on, we are committing suicide.