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Not sure if that's comparable though. If you're going to start a factory in China, you look at the cost of labor vs automation, and you pay for labor. If you ha
by chillacy 10y ago
Not sure if that's comparable though. If you're going to start a factory in China, you look at the cost of labor vs automation, and you pay for labor. If you have to start a factory in the US, you have a higher minimum wage, and realize automation is cheaper, so you hire less workers.
- brightball 10y agoThe comparable piece though, is that every time a manufacturer opens up somewhere the supply chain to that manufacturer develops around it. Manufacturing still has the highest economic multiplier of any business sector at $1.8 per $1 invested.