While other sheep believe everything they hear or read without checking out the facts.<quoted text>
Wal-Mart is the reason China is moving ahead of America in manufacturing.
The sheep love cheap ya know.
This is from the Center for Trade Policy Studies:
"Trade with China has probably accelerated the decline of more labor-intensive manufacturing sectors in the United States, such as footwear, apparel and other light manufacturing, but it has not caused a decline in total manufacturing output or capacity.
"In fact, because of productivity gains, manufacturing employment has been falling in a wide range of countries, including China itself.
"According to a 2003 study by Alliance Capital Management LP in New York, while the number of manufacturing workers in the United States dropped by 11% from 1995 through 2002, the number in China dropped even further -- by 15%-- or a net job loss of 15 million."
In 2005, U.S. manufacturing output totaled $1.4T and led the world. Japan was second with $964B and China third at $895B.