America is losing because of wealth redistribution. We’re constantly told its because of our high labor rates. America doesn’t even make the top ten on highest cost of living places in the world.
Depending on the list you have to go down to about 15th to find an American city.
Its not labor costs.
We are losing because of both…….but the main thing are not the pay to labor, it’s the govt regulations on top of the pay to the worker.
But again, your cost of lving comparison is not relevant……not that you would ever understand that.