Re:How Does America “Reshore” Skills That Have Disappeared?
by asuffield on Wednesday March 23, 2016 @01:49AM
(#11342396)
Indeed, but the statement remains true. If it takes one week of labour to produce something that one week's wages won't buy, the price is clearly too high to sell. The correct price will have to be somewhat lower than this, for the reasons you state (among others).
The manufacturing industry is not the tech industry. You can't produce physical goods with just your brain. Raw materials and machines play also part in the manufacturing cost, not just wages.