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It's just simply way too expensive to make things in America. We can build all the $B factories we want in the rust belt but shareholders will move it to place
by pxue 4y ago
It's just simply way too expensive to make things in America.
We can build all the $B factories we want in the rust belt but shareholders will move it to places like Mexico at the first sign of profit.
I'm seeing a real flow of software jobs to mexico too in the coming decades.
- AstralStorm 4y agoIs it expensive, or is it that dollar is just too valuable to people out there? If they don't provide you with labor, (e.g. because they want it for themselves or they do not want to pollute their land) what will you do, raid them?
- pxue 4y agoyes that's one way of looking at globalization, advanced economies export expensive and stable currencies to less advanced parts of the world in exchange for labor. That's the early 20s century model perfected by the Brits. Obviously it didn't last long but at least it made sense.