Consumer goods are low value (relatively speaking) and can't bear the costs of highly compensated US factory workers + US regulatory burdens & taxes...
Yes, I’m aware that this is why USA businesses moved overseas. The financial incentives need to be reversed.
Ricardo's concept of comparative advantage isn't subject to reversing...
Consumer goods are low value (relatively speaking) and can't bear the costs of highly compensated US factory workers + US regulatory burdens & taxes...
Yes, I’m aware that this is why USA businesses moved overseas. The financial incentives need to be reversed.
Ricardo's concept of comparative advantage isn't subject to reversing...