[A. Pole]

It probably is also a factor that in many of these countries, socialism has driven up the cost of labor to the point where it increases the economic necessity of automation and technology to compete. The European labor situation has in effect created a "burning platform" to innovate!

It is not the first time when the excessively high cost of labor led Europe on the path of technological progress. Maybe the most important example can be found in the Wake of the Black Death.

Fortunately USA does not need to worry - having unlimited supply of cheap labor in India, China and Latin America thanx to the free trade agreements.

[Huber]

Fortunately USA does not need to worry - having unlimited supply of cheap labor in India, China and Latin America thanx to the free trade agreements.

Yeah, at least for now. Unfortunately some anti-trade lib is probably going to try to regulate it!