You may want to watch this! Sorry...I'm just the Messenger.

[tstr14]

Does that mean eliminating minimum wage protections and workplace safety? A seamstress in a country like Vietnam makes the equivalent of $2.99 per hour, versus $18.00 in the US. That's a primary driver of why jobs left the US.

You are partly right, but in nearly all cases it was corporate greed that caused the jobs to move. I am aware of NO case in which a company dropped their prices when they went from paying $18 an hour to $2.99. Are you?

 

[anotherlab]

You are partly right, but in nearly all cases it was corporate greed that caused the jobs to move. I am aware of NO case in which a company dropped their prices when they went from paying $18 an hour to $2.99. Are you?

No one ever announces that they lowered prices by offshoring the manufacturing, but that is how Walmart lowers the prices for items that it carries.

The prices of consumer electronic equipment went down when manufacturing moved to Asia. Instead of seeing the price move down, it goes up less than the inflation rate. When adjusted for inflation, the price of the iPhone is less than the every previous year, save the first year.

 

[tstr14]

Consumer electronics prices started down when Japanese companies Sony, Panasonic and Samsung, none of whom were US based, entered the market. Prices weren't the only reason they became popular, quality was also high on the list. Walmart is a poor example as they never produced anything here and always sold the lowest price product they could find. If anything, their business model drove as many jobs overseas as greedy manufactures who abandoned American workers for cheap Asian labor. Walmart's bottom line is to make money, not save buyer's money.