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Labor costs are too high. Look, once you spend decades paying pennies on the dollar for labor, it’s very hard to go back. It’s the same when people discovered f
by runawaybottle 5y ago
Labor costs are too high. Look, once you spend decades paying pennies on the dollar for labor, it’s very hard to go back. It’s the same when people discovered free music via p2p and YouTube. How do you dial that back?
Nothing short of global war will fix this. Enter war with China where all trade is halted, and I promise you we’ll figure out how to on-shore manufacturing in a jiffy. A terrible price, but the only solution.
- pm90 5y ago> Nothing short of global war will fix this. Enter war with China where all trade is halted, and I promise you we’ll figure out how to on-shore manufacturing in a jiffy. A terrible price, but the only solution. Yes, let’s start a global military conflict between nuclear powers in the hope that an economic activity that’s no longer feasible maybe becomes feasible.