BS, off-shoring is caused by unskilled labor which cost around 5% of what it costs in the US, and by higher skilled and degreed workers available for 20% and less of US pay scales.
On a side, today a busload of workers working for an AMERICAN company in Mexico were targets of the Drug cartel. I wonder if the American companies that went to MX after NAFTA was passed will be coming back to the U.S. or send production on to another third world country.
Ditto. Recently a book came out describing the profile of Wall Street bankers in New York city. Democrats will have you believe it is dominated by white Anglo Saxon Protestants Republicans, who believe in the conservative notion of small government and no regulation. That is far from the truth. Wall Street bankers want no regulations for finance except when it impacts small and medium size financial companies who can represent future competitors if they get a chance to grow. Big government is considered a useful tool when needed to eliminate competitors and barriers to their selfish goals. Wall Street already learned how to influence government via donations, lobbyists and infiltrating the Treasury and Federal Reserves with allies and seducing them with prospect of lucrative jobs on Wall Street for federal officials/reps upon retirement. More then half of the bankers are of Jewish descent. This is a critical social dimension to the Wall Street psyche. Jews always supported a strong central government because it represents a safety net against possible prosecution by the majority. The Holocaust adds legitimacy to this viewpoint of the world. When you have many CEO’s who come from a ethnic group that feels naked and unprotected without a large powerful government, a leadership tone is set on how the Wall Street elites view big central government and social issues. That is why Wall Street CEO’s will lean Democrat/RINO, liberal on social issues and support big government except if it affects their ability to make money.
But there’s a reason why it costs so little for labor. Skilled laborers in China and India aren’t living in crowded huts with no electricity or running water. The cost of living is simply lower there. Why? Because if you don’t have to deal with so much government, then you can build a house cheaper, and live in it cheaper, and eat cheaper, etc. etc.
The cost is that they don’t have government protecting them from bad working conditions, shoddy construction, pollutants down to single digit ppm, emergency room care, payoffs at old age, unemployment, etc.
Before you call something BS, you should learn how to count money, which you appear unable to do. Your numbers may refer to difference in salaries, but that is not the cost of labor. There is nothing more silly than resorting to name-calling while revealing ignorance of the subject.