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A certain number of news reports nowadays of manufacturing companies returning to or again expanding in the United States.
I've said it many times over the past five years or so, and worth repeating here: now and over the next 20-30 years or so, average wages among workers in the countries of early industrialization and among those in the newly industrializing countries will tend to meet somewhere in the middle of where they were, respectively, over the past 20-30-50 years.
About 2-3 years ago, I recall a dispute in Canada with union labor and Caterpillar. Management basically used America's lower wage structure as leverage to convince the union to make concessions. From what I recall, they ended up moving tons of jobs to Texas. Guess what America... You are the new Mexico!
It's true though. Companies can pay workers $10/hr and coupled with automation and a few higher paid, knowledgeable workers, America becomes extremely attractive. The only issue is... Once demand increases enough for $10/hr workers, they won't want to work for $10/hr for long. Workers quit, workers leave, workers find higher paying occupations...
Corps are probably going to treat jobs like hot potatoes. That is to say, they will shuffle them around the globe. When demand drives wages higher, they will simply move the jobs to a location with a more desperate, disenfranchised workforce. Sure, the moving expenses will be great, but so long as we can keep wages rock bottom!
About 2-3 years ago, I recall a dispute in Canada with union labor and Caterpillar. Management basically used America's lower wage structure as leverage to convince the union to make concessions. From what I recall, they ended up moving tons of jobs to Texas. Guess what America... You are the new Mexico!
It's true though. Companies can pay workers $10/hr and coupled with automation and a few higher paid, knowledgeable workers, America becomes extremely attractive. The only issue is... Once demand increases enough for $10/hr workers, they won't want to work for $10/hr for long. Workers quit, workers leave, workers find higher paying occupations...
Corps are probably going to treat jobs like hot potatoes. That is to say, they will shuffle them around the globe. When demand drives wages higher, they will simply move the jobs to a location with a more desperate, disenfranchised workforce. Sure, the moving expenses will be great, but so long as we can keep wages rock bottom!
That's what happens when we allow China to wage a trade war against the rest of the world. If you coddle totalitarian governments masquerading as a democracy, they take more and more and more because nobody says no. It's the rest of the people that suffer.
End the Fed and stop inflating the currency and you will see more domestic investment in new enterprise. A cheaper dollar means workers can buy less and the parasites get more reward.
About 2-3 years ago, I recall a dispute in Canada with union labor and Caterpillar. Management basically used America's lower wage structure as leverage to convince the union to make concessions. From what I recall, they ended up moving tons of jobs to Texas. Guess what America... You are the new Mexico!
It's true though. Companies can pay workers $10/hr and coupled with automation and a few higher paid, knowledgeable workers, America becomes extremely attractive. The only issue is... Once demand increases enough for $10/hr workers, they won't want to work for $10/hr for long. Workers quit, workers leave, workers find higher paying occupations...
Corps are probably going to treat jobs like hot potatoes. That is to say, they will shuffle them around the globe. When demand drives wages higher, they will simply move the jobs to a location with a more desperate, disenfranchised workforce. Sure, the moving expenses will be great, but so long as we can keep wages rock bottom!
Well, that's the whole construct of capitalism in a nutshell, capital, (money) follows the cheapest labor, also the cheapest environs with regard to tons of other considerations that negatively affect it's ability to profit without restraint.....
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