Originally Posted by havin'funfarming
I think that issues like this point out a fundamental problem in our country. Within our vast country we have the such a vast array of resources that we have the ability to be almost completely independent without major imports. But we have been led to believe that the way to prosperity is to export the raw products, let others process it, and then import the final products back. We are told labor costs are the main reason. I can believe it is the best for companies. I don't believe it is best for our country and society though. Processing and producing higher value products from raw commodities within Canada would, at least at first glance, lead to higher prices for consumer products. It would, however, create many new jobs and with proper incentives it could translate into reduced dependency on unemployment insurance, welfare and other social assistance programs. That should mean that the working public's burden of paying for these programs should be reduced which could, in turn, translate into lower taxes. Having more people earning a wage would also create a larger income tax base to tax and that can allow for lowering tax rates, which translates into more people having a paycheck as well as keeping more of it in their pocket to spend. If a person looks deep enough all of these little added benefits could very likely, on a whole, cancel out the effects of higher consumer prices. Even from a national security perspective it has massive benefits. I don't think we realize how disruptive a major world war would be to our society. If a country like China was on the opposing side the regular shipments every household depends on wouldn't be arriving. A lot of shelves would be bare. It would be devastating to how our society functions at a time when we are at war.
I personally believe that companies are at the helm of our great country, not politicians. Certainly not politicians that are working in the best interests of the country. What we see are pawns at best.
There are many more benefits but we are told that the only way is to pay others to work cheaply on our behalf and reap the benefits. It will work for a while but I think we will be caught asleep at the wheel.
Just one of the crazy things I think up on a slow Sunday! lol
All very true, and good ideas. But getting off this vicious circle and into that direction is nearly impossible. With the exhorbitant costs of our welfare state and bureaucracy, it is nearly impossible to bring manufacturing or value added industries back. But we can't (peacefully) wean ourselves from the same vices until we have industries in place to replace the welfare state and bloated government employment, and all of the associated red tape that goes with it.
A consumer without a decent paying job can't afford to pay the additional cost of goods not made in China, so the first manufacturers won't have a willing market to supply.
But on the other hand, automation, 3D printing, etc. are quickly making the actual on the floor labour costs almost irrelevant. But for that, we need to quit educating people to be art history majors, and get them into engineering and programming programs.