re: Did China or Automation kill America's Steel Industry?

quote:

---

Labor is only a small part of the savings.


False. The average median income in the first world countries of the EU, North America, and Australia/New Zealand is anywhere from 1000% to 1500% higher than those of third world countries like China and India.

Not that regulations don't play a part - and we should be addressing that on the home front - but the labor savings are massive and using blanket tariffs against countries with low standards of living to equalize that part of the equation is a very good idea.

---

Thanks for providing all those facts to support your claims. For a second it looked like just another paragraph or two of unsubstantiated bullshite.