Oh yes it does, grasshopper. If you have the choice of running a modernized candy-making line with three employees in a location where sugar is one-third the price, you will choose it over running a modernized candy-making line with thirteen employees (due to union rules) where sugar costs three times as much. Think about it. Wages play a role, but not to the degree people think.
Oh yes it does, grasshopper.
Oh no, it doesn't junior.