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Because customers will ultimately pay a higher price for the goods in question, which is fairly terrible for a consumption-based economy. Manufacturing will al
by handedness 11y ago
Because customers will ultimately pay a higher price for the goods in question, which is fairly terrible for a consumption-based economy.
Manufacturing will always happen where labor costs are lower (assuming the other requirements are in place), or lowest: automated. And American companies are already well into the process of moving production from Asia to Mexico.
- sundaeofshock 11y agoWhy does it always seem that the only solution to higher wages is to increase the cost of the good? How about this solution: pay the workers higher wages, keep prices flat, and take a lower profit.
- deleted 11y ago[deleted]