“We can’t out-compete the world market on the basis of lower labor costs, unless we decimate our standard of living,”
Not so. Destroy the unions here and prices go WAY down.
“Not so. Destroy the unions here and prices go WAY down.”
I agree, but they won’t go down to the level of sweatshops in third world countries, or down to the level at which they can compete with those countries that are subsidizing whole industries.