Quote (sylvannos @ Feb 16 2017 10:19pm)
If it costs $5 less to make something in China, but then $20 to ship it to the U.S., a company is going to just manufacture a product in the U.S.
The only reason a company outsources is because they can pay a worker $1 for 15 hours in one day of labor, versus $120 for that same 15 hours broken up over 2 days here in the U.S. They also don't have to worry about stuff like severence pay or workers' comp insurance after they fire someone for being injured on the job, something that's super fucking illegal here in the U.S.
No they won't, the economies of scale associated with producing a good for cheaper and then shipping it in bulk would make it way more profitable for a firm to make the product in China and ship it on huge cargo vessels.
Like I said, putting in severence pay and other little bits would not change the main underlying cost which are the basic hours associated with producing the product. As you previously alluded to, there is no policy that can make more equal wages worldwide, only a whole lot of free trade and time can do that.