[hawkice]

And taking the labor and time of the employees is a value extracted. While there is some modest surplus I hope people get from their job (e.g. they'd do the same job for less money), that surplus of excess wages over what people would accept will be lower than consumer surplus for almost any standard business.

[Kon5ole]

>And taking the labor and time of the employees is a value extracted

That counts the value twice though. The value of the labour is precisely the payroll and the profits so it's accounted for.

Edit: So simply put, Volvo (or any other co with a factory in the US) operates a business that generates a lot of payroll and some profits, and the payroll remains in the US.