[garbanzo]

The costs to employers is low which is why they hire them or move the jobs elsewhere if possible. This is why markets are hated by would-be know-it-alls - they are unflinchingly honest about what people really value and how much they really value it.

[Clemenza]

Amen. Pass the Manchego, my friend.

[UberVernunft]

The costs to employers is low which is why they hire them or move the jobs elsewhere if possible. This is why markets are hated by would-be know-it-alls - they are unflinchingly honest about what people really value and how much they really value it.

In terms of manufacturing this is a well known myth, and is one of the reasons why relocating plants offshore has had mixed success. Labor as a percentage of manufacturing costs ranges around 15%, so at the most you might gain a 10% reduction in overall cost. Add in all the additional expenses of a broken supply chain, cultural problems, and other related issues, and often you actually end up losing money.