Saturday, February 27, 2010

I am concerned for the competitiveness of the USA

The US continues to "offshore" manufacturing jobs. Yet, with the most expensive labor in the world, Germany continues to be the most succesful exporter of manufactured goods in the world per capita. Germany has an educational system geared to effectiveness, superb infrastructure, a strong support system for healthcare and the unemployed so that they are not a burden on industry. In the meanwhile, the US educational system is a two tier one, as is the healthcare system. Infrastructure, from roads to rail, bridges to electricity distribution is deteriorating. Most US exports are of commodities or financial services, whereas Germany exports primarily added-value manufactured products. We must learn to do the same.

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