Why South And East Asia Have Become Major Players In America

The Nations of South and East Asia have become “major players” in the global economy due to many contributing factors. For example; Apple is a well-known industry with their; Laptops, iPods, iPhones, and other devices that they produce. One of the reasons why it is produced in Asia rather than in the United States of America (U.S.A.) is because of the labour it takes to produce these. Why would you pay an American citizen $7.25 per hour, when you can pay a worker or even sometimes children in most cases less than a dollar, ($1) a day to do that exact same work for less? Also, the parts are cheaper to purchase or manufacture. By cutting these costs you are able to produce a product for maybe a few dollars and be able to mark it up to almost 200%. This scenario also plays out in major industries such as; Wal-Mart, Nike, Adidas, Ralph Lauren, and Tommy Hilfiger. Today major clothing, shoes, and cosmetic businesses are discovering that, if they relocate the factories in South and East Asia, it is resulting as an advantage by not partake in paying allot of expenses (wages, taxes, and other bills) that would alternatively cost more in countries such as U.S.A., United Kingdom, Canada, France, and so forth. Which permits the head of companies such as; CEO, owners, and Stockholders are able to have

essential does not need to focus on China alone, But, Asia as a hold with a rapidly increasing migration of companies, are resulting in the termination of vacant jobs in the U.S.A. to “save” money is getting a bit out of hand. For Example, Major fast food restaurants now are having someone from Asia, take your order instead; of a worker within the building. The cutting these jobs are impacting the American workforce mostly the minimum wage worker. But, to play the devil’s advocate, these new jobs are gradually cultivating the economy of struggling countries. Resulting in families having a source of income that they may not have had