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| I agree with both of your comments. From a free economy standpoint, the key is job competition. I live near a city of 60,000 but work about 30 miles away in a town of 25,000. The smaller town has 3 large factories and a very vibrant local economy but the larger town struggles with lack of job growth. The smaller town, you can walk into any of their factories and start at $18/hour. The larger city's factories will start you about $12/hour unless you get into a union job, which are always full it seems.
I don't know the answers, but I do believe that more American made goods would make job competition heat up and cause organic wage growth. When you need the workers, you will pay what you have to. As long as there's not a better opportunity than $12-15/hours no one is going to change jobs.
Edited by kst1 7/5/2018 11:23
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Current Chinese Economy
