@breadandcircuses
Somebody needs to do an updated cost benefit analysis of off shore production.
Back when the apparel industry was moved from Alabama, one of the local papers did an analysis. The total cost of labor in a pair of Tennesse produced Lee jeans was one dollar retail.
I'm sure that it took Lee a long time to recoup the losses form the move. I'm sure that, in the meantime, they jacked up the price more than a dollar.
On US cars, the total labor these days is about $500 per new car....which is about the same as the executive salary cost.
BUT, China can sell comparable cars $10k and $15k less, why?