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SW “Ohia” |
The US is far from the most expensive place in the world for manufacturing. It’s actually pretty darn cheap in some areas, which is why you see foreign-based multinationals typically open up shop in the southeast.
And interesting enough, plenty of industry exists in places significantly more expensive than here. Even very “dirty” industries.
Offshoring of manufacturing has been a choice made by corporate managers. Not the government. Those managers are solely to blame for their decisions, usually made in their own best interest, and not that of the customer, employee, or nation.
If you want a good example, Gulf States Steel is worth reading on. A profitable integrated steel mill that is acquired in a ridiculous leveraged buyout which purposefully bankrupts the operation, and is then dismantled and sold overseas. 1,600 jobs lost and another blast furnace closed. The executives that do this simply move on to their next company via appointment by their friends. The names associated with Gulf States pop up in dozens of other previously profitable companies that go suddenly go bankrupt, are offshored, or close up shop. This is not unique.
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The UAW is digging their grave.
