Manufacturing will continue to shift overseas as long as regulatory costs remain as high as they are.
The rest of the economy will continue to sink because of this.
Most Americans including many of the posters on this forum have not studdied enough real world basic economics to understand why this is.
Manufacturing isn't really disappearing here ~ and we are the world's lowest cost producer for trillions of dollars worth of "stuff".
Most Americans including many of the posters on this forum have not studdied enough real world basic economics to understand why this is.
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Those of my family who were old when I was born would have said,”I ain’t never had nary one o’ them there economics courses”. But they knew enough to understand that business would move to where the costs were lowest and they would have understood that regulatory burdens increase costs and so do I.