OK, I'll stick my 2 cents worth in here........
1) Low prices. It's what everybody "wants". Unless its for the products that they make at their job. Unfortunately everybody else wants that product at the lowest possible price, so overseas it goes. Goodbye manufacturing job. Wally World has over 3500 little factories in SE Asia producing the goods that we all demand.
It USED to be OK that things made here in the US cost more than they do today because It USED to be that people were willing to SAVE UP to buy the things that they wanted. Now, everybody wants everything NOW.
2) Competition. WE USED to have REAL competition here in the states, and it was on a LEVEL playing field. Everybody was subject to the same rules of play. The same minimum wage laws. The same child labor laws. The same environmental protection laws. The same workplace safety laws. The same consumer protection laws. All of these regulations are in place for a reason, and most of that reason was that Americans fought for them, to protect themselves from unscrupulous businesses. NOW in order for an American manufacturer to "compete" they have to find a way to best companies that are subjected to NONE of those laws. That's NOT competition.
3) We fought long and hard here in the US for all of the protections mentioned in (2) above. In return, we paid more for our products (see 1 above) but a high school graduate could pretty well count on a factory job that would provide a LIVABLE wage. Now what we have is the low wages, sweat shops, child labor, and unbelievable pollution moved to a different location on the planet. (Don't worry - the winds blow a lot of the airborne stuff over here too) Did I mention lead-based paint on childrens toys, products that break before they're completely out of the package, melamine in food, and so on ? So much for consumer protections.
4) Low prices. For your DVD player, maybe. But what about construction materials ? Steel, copper, concrete have all risen dramatically due to the massive surge in demand from where ? SE Asia. Why ? Because our demand for cheap products means a massive surge in the need for factories, housing, and infrastructure over there. Price of fuel ? The massive surge has been blamed on a rise in demand where ? SE Asia. Why ? Because with all of the manufacturing in SE asia, it has created a demand for fuel over there.
IS WAL-MART GOOD FOR AMERICA ? Hell no. Wal-mart is the single biggest driving force behind the exodus of American manufacturing. Would a lack of Wal-marts have prevented the exodus of manufacturing ? Probably not. Would have slowed it down a bit, but probably not stopped it. What we have with this blind eye towards unregulated "cheap" manufacturing is simply the financial dumbing down of America and the demolition of the middle class (the backbone of America). It's OK though. Just as we went through a battle for our own protections, so will the Asians. They will demand the same things we did, and along with it the cost of manufacturing will slowly rise over there. The question is where will it all level off ? Will Africa be the next Asia ? South America ? Eventually, globalization will cause a levelling world - wide, although most of us won't live to see it.
Personally, I liked it better 20 years ago. Forcing foriegn manufacturers to adhere to the same standards we employ here, or taxing their products to equalize the true costs probably would have levelled things off faster, and at a higher standard of living for everybody, but then there wouldn't be as many people in that select group here getting rich of the whole global trade thing. But then again, what do I know ?
Diggem'