“...they were unable to compete under the taxes and regulations, including Obamacare, impose on them in the...”
As an owner of a manufacturing business I can tell you that the cost of an employee and the massive regulations involved, makes it very hard to set the price of a manufacturer’s product at a competitive level with anyone or any foreign company not under the thumb of the U.S. government regulators.
Take the cost of unions and it gets much worse.
The simple way to bring America back to it’s glory is to completely remove all government and union forces against business and we would once again be the most powerful economy in the world.....in very short order.
OK so you have an hourly cost for employee and an hourly cost for regulations. How would you decrease each? For the employee you have wages, benefits, payroll and unemployment taxes. What percentage of the hourly costs are made up by these? What is your solution in that area? Under regulations you have an hourly cost per employee for keeping up with the paperwork. Again, what percentage of the hourly cost is made up by this and what goes in to it?