It’s not even about wages. The precision tooling and engineering equipment would probably take a decade of development to get the US equivalent with China. We just don’t have it here.
And it’s not about rising wages with productivity. Americans by and large don’t want to work in factories or manufacturing. The pay would have to be astronomical to fill the needed positions.
It’s not even about wages. The precision tooling and engineering equipment would probably take a decade of development to get the US equivalent with China. We just don’t have it here.
And it’s not about rising wages with productivity. Americans by and large don’t want to work in factories or manufacturing. The pay would have to be astronomical to fill the needed positions.
The pay WOULD be astronomical if it had kept pace with CEOs, that’s the point