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View Diary: South Korea-U.S. trade pact no slam dunk (114 comments)

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  •  Perhaps I should have distinguished between (0+ / 0-)

    the types of manufacturing done for the US market by workers overseas.

    Of course, labor costs where garment manufacturing has been relocated, like Thailand or Banagla Desh, are lower than in South Korea or Taiwan, where heavier manufacturing has gone. The level of skills required for workers will be higher for more high tech products.

    But in either category, corporations must move toward areas of lowest labor cost in order to stay competitive, unless a national government imposes conditions that make that choice unprofitable.

    "Para dialogar, preguntad primero; después... escuchad." - Antonio Machado

    by Valatius on Mon Dec 06, 2010 at 09:54:10 AM PST

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    •  Labor cost is not everything, especially in (0+ / 0-)

      regards to high-grade products.

      Germany, where the labor costs are high, demonstrates this clearly.

      "The perfect is the enemy of the good." - Voltaire

      by Lawrence on Mon Dec 06, 2010 at 10:30:16 AM PST

      [ Parent ]

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