American Executives Prefer Immediate Rewards

Poverty is very visible all over America, particularly among blacks and Hispanics. The minority issue is a crucial one in America. The gap between rich and poor is enormous. Only one percent of the population controls 36% of the national wealth, an outrageous condition that should somehow be corrected.

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For example, they moved production facilities to Singapore or Japan when the US dollar was high because they could not expect to maintain high profits when production costs were high.

This is the case in the semiconductor industry as well. Production has been moved out of the US, leaving production primarily with Japan. This has deprived America of the capacity for anything other than 256 bit chips. It is cheaper and easier to buy them from Japan rather than dealing with expensive, unionized workers in America. These very same business executives have been blaming the trade imbalance and the Japanese trade surplus for their difficulties while at the same time choosing to import these products from Japan. Japan has not forced them to buy its products, but it cannot begin to catch up on orders placed by American firms.


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