Manufacturer. we started in 93. our product is a commodity product. the steel we sell is the same as the steel made in china or india. there is a big difference, though. in america the rates from much higher. how does the company like mine compete in a global environment where products from china and india and europe are crashing on our shores? they are dumping product by having government subsidies to chien needs products that are often then subsidized so they can put you guys out of business on the entire market. that s what a lot of americans don t understand. it s frustrating to me. there is probably an even more important point about the product that is that our own government is making it more difficult for us to compete. how are they doing that? president obama is making the rounds. he is going to help us out by increasing our taxes. the only way we can beat governor is by investing in equipment. if the wage rates are lower in
Manufacturer. we started in 93. our product is a commodity product. the steel we sell is the same as the steel made in china or india. there is a big difference, though. in america the rates from much higher. how does the company like mine compete in a global environment where products from china and india and europe are crashing on our shores? they are dumping product by having government subsidies to chien needs products that are often then subsidized so they can put you guys out of business on the entire market. that s what a lot of americans don t understand. it s frustrating to me. there is probably an even more important point about the product that is that our own government is making it more difficult for us to compete. how are they doing that? president obama is making the rounds. he is going to help us out by increasing our taxes. the only way we can beat governor is by investing in equipment. if the wage rates are lower in
Period. that i believe. but the point is that, there is a case that this is, that it s rational and, indeed, beneficial to move these kind of jobs out of this country. just a few more things. 85%, prior to 2000, 85% of the manufacturing jobs lost were lost at domestic productivity gains. two-thirds were lost, so, there s a lot of offshoring that might have occurred. i was the head of the manufacturing practice at bain. there were lousy investments if you take stuff over to china. the value is gone and it s a lousy commodity product and you re making it in high volume. that s not where successful u.s. business is going in the future. where are they going? they re going to much more complicated and local services for starters and much more complicated intellectual property. that has relative to europe and
In the 1990s you had a booming economy and a push to alter, if not end, the welfare state by the 2000s a real estate bubble and today a foreclosure crisis. in all of these situations a couple of things consistent. the amount of money people spend on housing and transportation is immense and they can t afford it. you want to be more positive than that. many, many factors about afford ability and energy consumption and, frankly, about the role of design in any of it. the american single family house is a commodity product that has virtually no research and development and no design. architects in a spec house in houston in the late 1990s the fee was about $12 per house. these are mass produced commodities. there is no professional engagement and so it s not that the suburbs i think most people in this exhibition are quite positive and excited about the suburbs. we know it s a deeply, deeply important part of the american e, th