Quote:
Originally posted by Mike33
Btw, those companies LOVE customers like you who think you're getting a break because of the outsourcing. With your logic, if Nike shoes were made in the US they would cost $500 rather than $200. Yeah right. Who's being fooled?
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Interesting sub text. Labor = Capital. i.e, if LABOR is too expensive, then capital costs for automation go down and would make it feasible to invest in a machine that does the work of Labor.
1/2 the Industrial revolution is a product of this equation.