Jukin, if that is correct then why are manufacturing co's now fleeing China in droves for even cheaper labor? China has miniscule wages and enviro regs and taxes..yeah taxes, enviro regs play a role why co's left the US but face it co's today can go anywhere in the world for the cheapest labor because the American people don't care. They never would have stood for it in the 50's or 60's..it would have been deemed unpatriotic for starters.
As my french friends would say, proofs?
My neighbor worked for a high end furniture plant in NY. They shut down most of their manufacturing and moved it to China back in 2004 or so..and they were making nice profits.. They had to do it because all their competition did it and they were forced to move..
Wait you mean the New York that has the second most hostile business climate in the USA? That New York. I would say point proven. The idea is to make the environment friendly to business. Other countries want the business. Blue states want to kill evil business but still keep that sweet, sweet tax revenue coming in. This is a major cognitive dissidence in leftist thinking. See also cigarette smokers.
The elites and movers and shakers only want you think it's taxes and reg's that offshored co's..
I actually know different. I have started up four companies and been partners in two restaurants. I know the hhell that government policies and the small people with power can and will give you. For example, my last company made high speed test equipment. We only sell that to about six companies in the world. We only sold 8-12 machines per year. We got three anal probes for sales tax by kalifornia in 5 years. That took the principals out of action (not making the machines go out the back door) for over 8 days every time. Each time we were proven correct but that sure didn't help our bottom line.
In the 1980s kalifornia was the leader of the printed circuit board manufacturing of the entire world. We made more PCBs than all of europe. That was good because we also had all the companies that made PCBs. The Drilling machines, the wet process, the automation, and all of the other specialty manufactures. I worked for one of those specialty machine makers. I was at the fifth largest manufacturing plant in the state in a supplier meeting with the state regulators. The regulators said in that meeting "We don't like your industry and will make it so expensive to do business here you will have to leave." Guess what? There are a few PCB boutique shops but that is it in kalifornia. Same thing with the textile industry here. They were unreasonable on updating for the EPA and now all those plants are in other countries.
We are on a race towards the bottom with a a handful of people doing well and the rest..well....
Well it has certainly accelerated since 2007 and then went into high gear in 2009. Socialist policies just don't bring people up. A famous man once said that socialism inherent feature is the equality of misery. See also USSR, Cuba, NK,...
Again Jukin why are co's fleeing China in droves?
Again, proofs.
