All of these discussions ignore a reality: In a global economy both capital and industries are mobile.
If the business equation is made unsolvable at location A and a solution can be had at location B, both capital and, eventually, industries, will migrate. And people will lose their jobs.
I am surprised this is even an argument today. How much more evidence does anyone need than China? Try to buy a bath tub or a computer made in the US or Europe and see how well that goes.
Those jobs evaporated along with the corresponding industries and the ecosystems that supported them.
It’s a combination of labor, regulatory and tax policies that continue to drive nail after nail into more and more coffins. I say this as a manufacturer with over thirty years of entrepreneurial experience in the US and Europe.
Those who support these policies love the poor so much that they make more of them every day.
If the business equation is made unsolvable at location A and a solution can be had at location B, both capital and, eventually, industries, will migrate. And people will lose their jobs.
I am surprised this is even an argument today. How much more evidence does anyone need than China? Try to buy a bath tub or a computer made in the US or Europe and see how well that goes.
Those jobs evaporated along with the corresponding industries and the ecosystems that supported them.
It’s a combination of labor, regulatory and tax policies that continue to drive nail after nail into more and more coffins. I say this as a manufacturer with over thirty years of entrepreneurial experience in the US and Europe.
Those who support these policies love the poor so much that they make more of them every day.