U.S. Sales Revenue Rises on Sales to China. Developing A Stronger Economic Position

My shamefully sad sad attempt at
blog art in 5 minutes or less. 😰
Don't do graffiti! 
It was there already.

There is some interesting economic news in terms of improving exports in some business sectors. As the U.S. consumer spending declines/fluctuates revenue in sales increased for some U.S. businesses selling to Asia. China is reopening its market and that means they have demand and need for American made products. The U.S. is one major supplier and should maneuver itself as a supplier of products to Asia as a general strategy to maintain an economic foothold.

As a strategy the U.S. should maximize its global position by thinking about internal development that leads to external performance. We see some of that with infrastructure development and increased emphasis on technology/innovation. Maximizing economic benefits include manufacturing in the U.S. and then sending products overseas to places like Asia, Europe, South America, etc. in a way that returns revenue back to investors, U.S. govt in taxes and people in rises in quality/standard of living. Being at the center of the supply chain makes a big difference in the overall ability to maximize revenue outcomes. 

One could also say being at the center of intellectual, labor, education, research, etc. (Which I loosely tie into a human capital concept as factors of influence) has its advantages as well. The U.S. could invent and make products within the country by understanding these issues and then sell those products globally. A couple of ideas based in support of a not finished economic theory. Sustainable Reinvest, Interactivity of Hubs, Free Trade and Super Hub, Network Development, The Working System, Economic Platforms in History

While the U.S. has what is called a labor shortage with unemployment it also has some, like all nations, labor misalignment. It means that it will shift in the upcoming Digital Era in order to adjust with those jobs and get people working in fields that will draw the most value. That is projected to be within the next five years and the country should ensure its institutions are prepared to fundamentally change to meet this new need.

Keep in mind that even with labor shortages we can invest in improvements to labor productivity and creativity/research. There is new technology and tools that can help move jobs of little importance to automation and get people retrained to work in areas where their skills are maximized (Notice the need to find what people are good at and help them enter careers they can do well. That is where the education system helps.)

This is a pretty good article to read.

'China’s recovery lifts U.S. companies’ sales as domestic consumers pull back spending'

Lucas, A. (May 14th, 2023) China’s recovery lifts U.S. companies’ sales as domestic consumers pull back spending. CNBC. https://www.cnbc.com/2023/05/14/china-sales-help-starbucks-yum-mgm-disney-tapestry.html