We live in a big world!
The U.S. has somewhere around 3-4% of the world population. Last year we passed the 300 million mark as far as U.S. population. Don’t ask me if those are just official citizens or if the number actually includes illegal immigrants. It doesn’t matter.
That means 96-97% of the world population lives somewhere else in the world.
Which brings me to China. You hear a lot about products being made in China. China also buys our products. Walmart. McDonalds. Caterpillar tractors. Kohler fixtures. So there is huge financial reward for both the Chinese and American companies.
China has a huge rural population. 800 million people live away from the major metropolitan areas. Think about it. 800 million people living in the country in China compared to the total U.S population of 300 million. By the time they all buy TV’s, cars, gasoline, lawn mowers and toilets they want and need, somebody is going to make a lot of money. That does’t take into account all the people that live in the Chinese cities.
China is the immediate opportunity and will occupy conversation for a long time. It represents jobs and foreign opportunities for many companies.
After China, it will be South America. After South America, it will be some place else in the world.
The lesson Grasshoppers is that there is a lot going on in world and the U.S. with all it’s technology and great products stands poised to profit. So when you hear about manufacturing jobs disappearing, there are many jobs and opportunities being created. We have 97% of the world’s population to sell to. Now there is a picture. 800 million Chinese driving Buicks. Keep the faith.
Love,
Dad