Soundwave said:
Bottom line is people are willing to work for far less in other countries. Americans thumb their nose down at $8/hour. $8/hour gets your 4-5 workers in China, lol, and Americans expect paid medical, dental, paid vacation, etc. Not saying they're wrong to want that, but this is the elephant in the room no one wants to talk about. If you don't do it, then your competetion will do it, and now suddenly you are at an competitive disadvantage. Corporate tax rates and trade deals don't change the fact that you can make virtually any product cheaper any where than in America. The other problem -- automation is becoming cheaper than any workers at all. I've a robotic spot welder in a car factory for example costs $8/hour (averaged out) to function. To pay an actual worker to do that job is $25/hour and the robot can work 18-19-20 hours, etc. |
It is not an other problem it is in fact the big main problem. I fear it a bit with how the politics are today but what is going to happen when people understand that their is a new group getting created (or getting bigger) that you can't call unemployed but unemployable.
