Wednesday, June 15, 2011

China Ripoffs Cost U.S. $48 billion and 923,000 Jobs in 2009

How Stupid Can America Be? Pretty damn stupid according to a new report by the United States International Trade Commission. In 2009, the United States lost $48 billion dollars and 923,000 jobs due to brazen theft by China. Yet, companies routinely think the great answer is to manufacture in China, due to lower costs. How can getting your product and design ripped off, with a knock-off, at least 30% cheaper than your own product appearing on store shelves, help a company increase their profit margins?

 

containermap
Map Scaled to Global Shipping Container Traffic Origin, Source: WorldMapper

 



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