“On average labor is about 8% of the retail price, and that is the high end for union labor.”
Good, so if your thesis is correct, then any of these companies can slash their prices by 8%, and thereby undercut the competition. Why haven’t any of them done that?
“These companies are increasing their profit bottom lines, they wouldn’t do it to keep the same profit level. I would be pointless.”
You are neglecting to consider the third possibility: that keeping the same profit level is preferable to taking a loss in profits.
If the slash their price by 8% what was the point in moving offshore?
Nabisco just announced that Oeros made in Mexico are being reduced in price too! < /sarc >
Or that companies prefer to stay in business