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by AlexandrB 898 days ago
> Regulation has driven a lot of industry out of America, as it made it too expensive to operate here.

Do you have any sources? I think most offshoring is driven by significantly lower labor costs in other countries. For example, China has a highly controlled economy, but American companies still offshore work there simply because labor is cheaper. Indeed, we've seen some "onshoring" in recent years[1] now that automation is far more prevalent and labor cost is less significant as a portion of operating costs.

[1] https://www.engineering.com/story/automation-is-making-onsho...

1 comments

No, I don't have a specific cite. But the reason for offshoring is always going to be about lower total costs, of which labor is a large component. There are quite a lot of regulations around labor and benefits, along with the NLRB which is very tilted towards the interests of unions. California recently passed a law where the wages of fast food workers are set by some government board.