Walmart to add 50 outlets to India: When you do the math, it only makes sense.
This is quite simply a business decision, its not a conspiracy.
Surprise: People are in business for the profits.
Would you rather have access to 2.7 billion middle class customers and 340 million wage slaves.
2.7 billion wages slaves and 340 million customers?
The movement of the U.S manufacturing/production to Asia was not only a short term way to milk the middle class into debt servitude (see the graph) by producing goods at immorally low costs on the backs of Asian wage slaves and selling them to Americans at immorally high profits .
But it was also to build a massive middle class in Asia to consume exponential amounts of goods at merely great profits.
In the mean time people in America are complying with and getting comfortable with their “new” declining standard of living.
When the majority of the population is just above the poverty line and all the “new” laws are in place to “protect” them, they will willingly fight each other for the lower and lower wages from “production support” jobs (see graph below) to provide the middle class of Asia with the products and standard of living they have been salivating over for the last 50 years.
The U.S population is considered a “rounding” error compared to the populations in Asia (India, China, Pacific Rim).
So you need to ask yourself: Is this some high level elitist conspiracy or is it simply people in business, making business decisions?
Below is another announcement from Berkshire Hathaway (warren buffet) regarding the closure of it’s plant in Kentucky and its new facility in Honduras.
JAMESTOWN — Clothing company Fruit of the Loom announced Thursday that it will permanently close its plant in Jamestown and lay off all 600 employees by the end of the year.
The Jamestown plant is the last Fruit of the Loom plant in a state where the company had once been a manufacturing titan second only to General Electric.
State Rep. Jeff Hoover, R-Jamestown, confirmed the plant manager called him Thursday afternoon with the news.
“Terrible sad day for people in Russell County,” Hoover said. There was no warning of the plant closing, he said.
Layoffs will begin in June.
The company, owned by Warren Buffett’s Berkshire Hathaway but head quartered in Bowling Green, said the move is “part of the company’s ongoing efforts to align its global supply chain” and will allow the company to better use its existing investments to provide products cheaper and faster.
The company said it is moving the plant’s textile operations to Honduras to save money.