3 ms·
Labor costs are high primarily because the USD is kept artificially propped up by other countries depreciating their currencies faster (I.e. see China’s manipul
by medvezhenok 3y ago
Labor costs are high primarily because the USD is kept artificially propped up by other countries depreciating their currencies faster (I.e. see China’s manipulations). If we allowed USD to drop, American labor could become competitive again.