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They provide more "value" because they are as good, but work in countries that don't have the same laws and also have a lower cost of living. The basic argumen
by davidmoyle 18y ago
They provide more "value" because they are as good, but work in countries that don't have the same laws and also have a lower cost of living.
The basic argument is one of our own consumer practices. Not weather others do a good job.
- andr 18y agoVery true. It's called geographical or regulatory arbitrage. Things like high cost of health insurance, car insurance, etc., are all results of laws and regulations, but add to the employer's bottom line.
- mrtron 18y agoSo let's take Taiwan electronics manufacturing as an example here. They absolutely dominate in quality and skill at producing electronics, most of the high grade lcd panels in the world are produced there. You are suggesting that Americans buy panels manufactured in the US. I have no idea what the benefit to this would be. Worse panels at a higher price? What does this solve? It would create unsustainable and irrational employment. The way to solve economic downturn is not to close your borders like you suggest. That is the self-centered and naive way of thinking. The way to improve your economic situation is through innovation and wealth creation.