"The corporate poster boy for looking at the bright side is General Electric, which has moved some production of a few heavy appliances back to the U.S. from China. What the poster leaves out is that GE workers who used to make $22 an hour are now making $13......in the absence of a proactive policy, GE will be the model—the relentless lowering of American wages and living standards until the gap with workers in China and Mexico is closed "
- fuzzy faux-fireside-
------------------------------------------------------
note
the production has moved back
but not at the expense of closing chinese plants
nope
those plants now produce for the hugely fast growing chinese market
and GE has simply replaced part of its old domestic capacity not addd to it
