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by AlexandrB
898 days ago
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> 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... |
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