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How do you think the world/US will change in the next 2-5 years

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  • #61
    Originally posted by Herman Hum View Post
    You would be the only one willing to pay more for products. Oh, there might be folks who talk a good game and might do it for a short time but, in the end, the almighty dollar will win and production will return to the lowest cost factories. And those will be in the PRC.
    You are wrong about that. I already pay more for Tuna and any other kind of food that does not come from China.
    The same principles apply to medical products, and if the Hospitals do not agree then its time for a few new laws.

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    • #62
      Originally posted by Phaing View Post

      You are wrong about that. I already pay more for Tuna and any other kind of food that does not come from China.
      The same principles apply to medical products, and if the Hospitals do not agree then its time for a few new laws.
      This applies only if the federal government treats this case as "business as usual" in which hospitals engage in outbidding each other. If the government intervenes in buying the supplies and then distribute the supplies to hospitals according to the developed needs (with compensation, of course) then this will be more efficient and cheaper. Otherwise, you may see hoarding of critical supplies by wealthier areas at the expense of others. And while the supply will eventually adjust and catch up, there may be a critical time of adjustment in which there will be unnecessary shortages in some areas with deadly consequences.
      My most dangerous mission: I landed in the middle of an enemy tank battalion and I immediately, started spraying bullets killing everybody around me having fun up until my computer froze...

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      • #63
        Originally posted by Herman Hum View Post
        You would be the only one willing to pay more for products. Oh, there might be folks who talk a good game and might do it for a short time but, in the end, the almighty dollar will win and production will return to the lowest cost factories. And those will be in the PRC.
        It may come as a surprise to you, but Chinese factories are not always the cheapest. The reason some products are even made in China in the first place is because of regulations and supply lines. Even before the Trump tariffs, production has been moving out of China on a steady basis because of rising wages, cost of living, and draconian CCP rules such as sharing intellectual property, 51% ownership by the CCP or one of their stooges, and at least one CCP party member in all boards of directors.

        I have a product that are made by the same company that have a factory in both Taiwan and China, when the Trump tariff hit, production of this product series switched from China to Taiwan. The production cost difference was nearly negligible, so the 25% tariff vs the 5% tariff from being from Taiwan was the convincing number to move production.

        A lot of production moved to Vietnam, Malaysia, and Indonesia in recent years, that is why those countries are seeing the boom that China saw for the last couple of decades.

        Another fierce competitor of China is Eastern Europe, where production costs are the same as China, they won't cheat by cheapening the your design without your consent to increase profit, they don't steal your products, and they speak better English so you won't end up with packages and literature full of Chinglish.

        I have a US brand that have nothing made in China, but uses Poland, Hungary, Czech Republic, and Romania. Quality control way better than the Chinese, and it was not only competitive in price compared to Chinese counterparts, but far better value..........and that was BEFORE the Trump tariffs.

        Flag: USA / Location: West Coast

        Prayers.

        BoRG

        http://img204.imageshack.us/img204/8757/snap1ws8.jpg

        https://www.youtube.com/watch?v=5PtsX_Z3CMU

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        • #64
          Originally posted by Snowygerry View Post

          The Tory slogan for next election will be

          Take control of our borders !
          So we can leave them open in a viral crisis
          Works for us! We've got Mexico scared to death of us now!
          Quis Custodiet Ipsos Custodes? Who is watching the watchers?

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          • #65
            Consider the effects of economic slowdown, increasing debt, problems with unconventional oil production, etc.

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            • #66
              Originally posted by Mountain Man View Post

              Works for us! We've got Mexico scared to death of us now!
              Almost as many people have died of it in New York as have caught it in Mexico as of now.

              I'd be scared too.

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              • #67
                The restaurant industry will likely be greatly reduced in numbers of eateries....
                Coronavirus Is Hitting Restaurants Hard, Even In States That Haven’t Shut Them Down

                EXCERPTS:
                Across the country the number of COVID-19 cases are increasing — and the number of restaurant patrons are plummeting.

                Take Ohio, where Gov. Mike DeWine was the first governor in the country to shutter bars and restaurants statewide, forcing patrons to dine at home. But even before DeWine’s March 15 order, restaurants were already feeling the impact of the coronavirus as customers began to avoid crowded areas in their cities.
                ...
                Many restaurants are now paralyzed. Governors across the country have issued executive orders restricting or prohibiting seated dining in restaurants — 33 states so far,3 though all of the states are allowing take-away or delivery orders. The majority of these closures have come on the heels of updated guidelines from the Centers for Disease Control and Prevention recommending people avoid social gatherings of more than 10 people.

                But no matter whether the governor has issued an order or not, restaurants in every state available in the OpenTable data set have experienced declining dining attendance over the last two weeks. As public pleas for social distancing get louder, diners are forced to order food for take-away or delivery, or simply to cook at home.
                ...
                Diminishing clientele — and the diminishing profits that result — make it unsustainable for many restaurants to stay open and maintain fixed costs, let alone continue to pay wages. Some restaurants prepared to close even before the shutdowns took effect, citing consideration for the health and safety of the community.
                ...
                It’s no secret many workers in the food and beverage and service industries live paycheck to paycheck and, as my colleagues pointed out this week, are among the most vulnerable in an economic crisis. And filing for unemployment can be a tedious process, because waiting periods and benefits vary state by state. Many business owners are still struggling to decide whether to furlough, lay off or hold on to employees in the midst of the coronavirus pandemic, which only creates more uncertainty for Americans about next steps. Amendments to the current process for filing unemployment (like these in North Carolina or these in New York) will be vital for the wave of workers who have lost their jobs.
                ...
                https://fivethirtyeight.com/features...l_taboola_feed

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                • #68
                  Originally posted by Rojik View Post
                  ...all that we have known and cared for, will sink into the abyss of a new dark age made more sinister, and perhaps more protracted, by the lights of perverted science.
                  Can't we look forward to sunlit uplands eventually ?
                  "I dogmatise and am contradicted, and in this conflict of opinions and sentiments I find delight".
                  Samuel Johnson.

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