I would argue one of the biggest Free Trade myths is that foreign peasant manufactured goods are cheaper. What increased is the profit margin.
“I would argue one of the biggest Free Trade myths is that foreign peasant manufactured goods are cheaper. What increased is the profit margin.”
Good point.
To maintain lucrative profit margins and remain competitive in an American based Manufacturing world would drive businesses to innovate to get product development and production costs down.
If they don’t, people will hold on to their devices longer like in the old days when people took care of stuff cause they had to.
Another American lead revolution.
‘Just don’t see the down side.
The classic example is Mr. Coffee. Some VC funders bought the company in a leveraged buyout. Shut down the factory in Ohio and moved production to China. With the money that saved, they quickly paid off the debt. Bingo, got themselves a free company.