Made in China

We think almost everything we buy is made in China, but a Wall Street Journal article points out that the situation is not as bad as it seems.

Over 88% of goods and services we consume are still produced domestically.  Of the 12% that is imported, barely a quarter comes from China.  Much of that quarter, however, are small items that carry those little tags “Made in China,” so it seems we consume more of their products than we actually do.

Furthermore, almost all consumer goods are the result of many hands.  If a pair of sneakers made in China costs $70 here, only a fraction of that goes to China.  Most of it goes to the cost of transportation, the rent of the American store, salaries of the salespeople, advertising, and profits for the retailer.

On average, for every dollar spent on “Made in China” items, 55 cents of that goes for services in the U.S.

RWalck@Verizon.net

About Roger Walck

My reasons for writing this blog are spelled out in the posting of 10/1/2012, Montaigne's Essays. They are probably not what you think.
This entry was posted in China. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.