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Not only did we lose the ability to manufacture things locally which has impeded our ability to innovate in certain fields, many companies were wiped out by new
by ishjoh 5y ago
Not only did we lose the ability to manufacture things locally which has impeded our ability to innovate in certain fields, many companies were wiped out by new overseas low cost competitors who took the expertise they learned from our training in the initial outsourcing.
Essentially for short term gain for some, entire companies were destroyed.
So there were heavy costs on the backend.