Friday, February 11, 2011

Look at US Exports to China! Looks like Pres Obama is going to achieve the goal of doubling US exports. The sooner the better.

And why not? This is good for the US.  A nice trend in US exports to China.  As China develops a middle class they will seek more US goods and services.  Some people see low wage jobs and low-skilled production going to China as a bad thing.  I see low wage jobs for no-wage people as a way to develop and move up the economic ladder so they can buy goods produced by high-skilled, high wage US workers. Seems like a good trade-off to me.  It is not something that happens overnight, but by the trend line you see here, it happens none-the-less. 
Source: Business Insider
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