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re: Why are immigrants sneaking past the Mexican border bad from an economics standpoint?
Posted on 12/30/22 at 3:26 pm to SlowFlowPro
Posted on 12/30/22 at 3:26 pm to SlowFlowPro
quote:
These jobs are worth well less than minimum wage and minimum wage today is more what it was originally intended to be, because private wages for lower-level jobs have increased so much post-Covid
For some manufacturing this is true, but I doubt that sector represents even half of offshored manufacturing by value. Consider all the pharmaceutical/intermediates manufacturing done in China. It's not the cost of labor that offshored that work.
quote:
Paying a Chinese or Central American $1/hour is tough to beat domestically when the baseline is probably $20-25/hour now.
Leave Central American out of it. The cost of manufacturing in Asia -v- the US for high value products is much closer than you may realize. Some chip manufacturers have labor on level between most of Asia and the US.
1
Posted on 12/30/22 at 5:14 pm to David_DJS
quote:
Some chip manufacturers
I'm talking low-level manufacturing only.
Clearly with the costs of disruption, we can produce chips domestically comparable to their real cost (salary + transport + risk) manufactured abroad. We learned that in 2020-2021.
Low-level manufacturing? Naw.
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