4 ms·
I think it would be really hard to show causation there; I’d expect, at least, that higher wages and higher regulation would be pretty correlated (more well off
by bee_rider 2y ago
I think it would be really hard to show causation there; I’d expect, at least, that higher wages and higher regulation would be pretty correlated (more well off populations might be less willing to sacrifice lives to industry). Maybe the fabric industry moved out because American workers weren’t cost-competitive.
- nickff 2y ago> "Maybe the fabric industry moved out because American workers weren’t cost-competitive." That seems like a likely factor, but insurance against product liability suits can be very expensive in some (litigious) industries, and is also a factor in total cost analysis.