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I doubt that it will do anything to retain jobs. Business will go where the cost of labor is less, period. Drop taxes, and the savings will go to the profit column. Reduce regulations and thus cut business costs, and the savings will go into the profit column. The long term view of business almost never extends past the next quarter's financial statement and so long as it does then manufacturing and sevice jobs will continue to flow out of the country

With that statement you have confirmed that you have little or no understanding of market economics at all as the price of labor is but one small consideration in the overall equation and competition for market share plays a very much larger role.