Last week, we had the swearing in of Members of Congress, and there was a performance in the afternoon by a group called the Power Rangers, which is a very popular toy where they have these animated shows that they take around the country and around the world. And most Americans do not realize that that particular toy, which sold over 300 million dollars' worth in our marketplace last year, there is not a single one made in this country. In fact, the Power Rangers is owned by Bandai Corp., which is a Tokyo-based company. They employ about 700 people in Tokyo only in marketing. They employ all of their workers in Asia, especially in China and Thailand, and they pay them nothing. They then take those low wage produced goods and they sell them over here from $29 all the way up, there are some $5.95 figurines. But if you go into your local toy store, which I did and I turned over every toy that was there, they were all produced in China, they were produced in Thailand. And somebody is making the money off of the out sourcing of production by these big multinationals, whether it is Bandai or Mattel, which is located in our country. And most young girls do not know that there is not a single Barbie doll made in America. Mattel has out sourced all of its production, and yet the children, these companies look upon our children not as children, but as a market, as a market.
Marcy Kaptur: “Last week, we had the swearing in of Members of Congress, and there was a performance in the afternoon by a group called…”
Editor's note · Context
Discussing the outsourcing of toy production and its impact on American manufacturing.
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