We can't beat that wage, but we could beat that wage + shipping if we could build a new foundry in this country, run it with non-union labor, and not have to deal with the excessive taxes and regulations that we now have in this country. Environazis, over-regulation, unions, and taxes add up to make productive industry all but impossible in the US these days.
This is the hidden problem most can't see.
First you have a Government backed entity that puts upward pressure on wages for the sake of filling Union Coffers. Next you have a host of government employees that a new business must pay to get started in business and then must continue to pay to keep doing business. (Government regulation and taxes are used to pay government employees)
So before the first actual employee is hired to work and produce a product millions of dollars are spent to pay people who have nothing to do with actually producing the product. So in essence we have priced ourselves out of the market before the plant is opened.
And what do the protectionists/unionists want for a remedy? They want even more government regulation to fix the problem created by government regulation.
hole + /digging