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>Note that you're basically saying that we should all pay more for cars just so that those workers can keep their jobs. You're assuming that the higher costs w

>Note that you're basically saying that we should all pay more for cars just so that those workers can keep their jobs. You're assuming that the higher costs will necessarily all be passed along to the consumer rather than come from profit margins. I think it's a valid assumption if the market were comprised of a lot of highly competitive firms rather than 3 not-very-competitive-at-all firms. There's definitely a link, I think, between record high and increasing corporate profit / GDP ratios over the last 15 years and outsourcing.

gridlockd 7y ago
Why don't you look at the profit margins? But please, don't just look at the good years. For GM, it's probably about 4-5% average in the last years: https://www.macrotrends.net/stocks/charts/GM/general-motors/profit-margins https://www.macrotrends.net/stocks/charts/GM/general-motors/... > I think it's a valid assumption if the market were comprised of a lot of highly competitive firms rather than 3 not-very-competitive-at-all firms. Consumer goods are generally highly competitive. There are no monopolies or exorbitant profit margins. The number of companies is irrelevant. Even if it was just a single company, as long as the profit margins are low, consumers are not at risk of being overcharged. Outliers are companies like Apple, which have a monopoly on their IP, but that's a different story.