4 ms·
It's very simple: salaries are not going up so it is not a shortage of labor. When there is a genuine shortage of labor, salaries rise to correct it.
by bsder 2y ago
It's very simple: salaries are not going up so it is not a shortage of labor.
When there is a genuine shortage of labor, salaries rise to correct it.
- BoredPositron 2y agoI am torn on that argument we see a rather high drop in quality of almost everything. It seems that corps go for lowering the quality of their products which they can produce with less skilled labor. The opposite is true for luxury goods were the skilled labor is still in high demand.
- xethos 2y agoI'm doubtful outsourcing + shipping will be more expensive than raising wages + shipping - because tooling and automotive/aerospace parts are used further away than the machine shop door, shipping is a cost regardless. Sure, shipping is further from Uzbekistan than Connecticut, but seafreight is cheap as hell, and most factory lines are relatively stable. Unless America is going to push business "leaders" to bring jobs home through tax and finance structures, I wouldn't count on pay going up. You cannot count on Mac or similar to bring jobs home to virtue signal - American capitalism generally means if you aren't cheaper or noticably better, you'll be fed to the wolves.