3 ms·
There are lots of industries left, and the US is in general quite competitive. Yes wages are higher here, but we have the technology and capital to use advanced
by jjk166 2y ago
There are lots of industries left, and the US is in general quite competitive. Yes wages are higher here, but we have the technology and capital to use advanced manufacturing techniques which reduce the amount of labor required to make things, so we don't need to rely on huge numbers of underpaid workers to make things economically. American wages are high because American workers are ridiculously productive.