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by rglover
847 days ago
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The downstream reality of globalization and JIT. Push domestic labor overseas to eek out more profits, the products reduce in quality, and you get the surface-level appearance of making more money. Really, though, you're just long-term increasing the cost of everything else because what you save in labor, you lose in shipping costs, returns, customer support, and inflation of your national currency (more money printing to offset employment/entitlement deficits created by off-shoring). |
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