If the slash their price by 8% what was the point in moving offshore?
“If the slash their price by 8% what was the point in moving offshore?”
You claimed they pocketed that 8% out of greed... if any company cut their prices by that 8% instead, they would undercut their competition and take the lion’s share of the market, increasing their profits much more than 8%.
The fact that you can’t get your head around that tells me you are economically illiterate.
It’s no different from when the liberals claim that women are paid 75% of men’s wages due to sexism. If this were true, any company could hire only women and save 25% of their labor costs. No company does that, even though it would make perfect economic sense, so that liberal argument about the wage gap is revealed to be a myth. Similarly, your argument about companies hording the savings they make on labor by moving overseas is revealed to be a myth because you can’t answer my question.