Re:China Plans to Ban Exports of Rare Earth Magnet Tech
by xwdv on Wednesday April 05, 2023 @09:01PM
(#35462718)
Unfortunately the US consumer simply cannot afford to pay more for products no produced in non-democratic nations with impossibly cheap labor. They are already being pushed to the brink.
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Re:China Plans to Ban Exports of Rare Earth Magnet Tech
by basilgohar on Wednesday April 05, 2023 @09:17PM
(#35462837)
As long as many companies continue to make year-on-year record profits, I reject that prices are a product solely of non-Democratic countries' impossibly cheap labor.
Re:China Plans to Ban Exports of Rare Earth Magnet Tech
by rurp on Wednesday April 05, 2023 @11:03PM
(#35463609)
In addition to that, a large portion of necessary spending is unaffected by outsourcing. A person can their spending on clothes or electronics quite low if needed; but housing, food, and energy costs are largely driven by domestic circumstances.