Tue Aug 25, 2015, 10:13 AM
TheMastersNemesis (4,895 posts)
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The meme higher wages mean fewer jobs and outsourcing overseas seems to work quite well.
Yeah, facts are kind of like that. The only way a sudden marked increase in wages across the board
wouldn't work out that way would be under rampant inflation.
That kind of change echoes up and down the supply chain, so the labor inputs to the cost of materials (Which is far and away the lion's share of that cost, once you get the onion completely peeled) as well as the cost of all that 'Last step' labor of somebody doing the final act of selling the finished goods. That means either there has to be a whole lot less highly-paid American labor going into it, or the price has to go up a Hell of a lot. It's pretty much a zero-sum game.