I agree. However, today you can find cheap labor by moving overseas. Innovative executives are looking for alternatives to moving overseas because they are Americans as well and they do not want to see the jobs leave.
Anybody who wants to claim that the majority of American Corporate Executives have no allegience to this nation are just misinformed. Most do not want to move jobs overseas. They are forced by lack of innovation, restrictive labor contracts, or restictive regulations.
American labor cannot survive on the $0.50 an hour that a Mexican worker can or the $0.25 an hour that a Chinese worker can. No way can the typical average American pay $4,000 property tax a year, 1/3 his income in income tax, high Social Security, taxes, Medicare taxes, gasoline taxes, high sales taxes and all the other many taxes and earn those kinds of wages. End all taxes and the American could work for far less also.
Then why are not executives heading companies that outsource to us (e.g., Japanese autos) forced, kicking and screaming also to outsource offshore to a third country? How do they make it here with all those obstacles and American executives cannot?
You see, they outsourced to us -- a developed country that desires their products, especially when the products are made by our workers -- we, on the other hand, outsource to corrupt, tyrannical third world countries to get "cheap" labor to make products and services to export back to us.
Yes, I know that the bulk of our outsourcing offshore -- to Europe for example -- is done right: make it there, sell it there.
You'll find that New Democrat, Third Way progressives (ndol.org for example) take advantage of greed-related cognitive impairment to advance their world socialism schemes hatched at Davos, the U.N., universities, socialist Europe, socialist India, Communist China, etc.
In return for immediate profits (and the "promise" of 2 to 3 billion middle class spendin' fools) American useful idiots transfer wealth, technology, and jobs to developing nations redistributing Western nations' wealth and all under rules set by the world's Marxists-leftist-liberals; to wit, Third Way progressives of the Clinton ilk. IMO.
And anybody who seriously thinks that bonus and stock incentives do NOT drive managers to make outsourcing decisions is smoking dope.
The reality is that short-term thinking has led to a dis-investment in machinery, R&D, and quality initiatives (like 6 Sigma) because one can make up ALL that saving by merely going to the slave labor market.
Voila! No big investment dollars, and enhanced profits = Big Bonus and Big Stock option gains.