Re:Amazon instructs New York workers “don't sign” union cards
by dcolkitt on Saturday July 16, 2022 @02:55PM
(#32120837)
> It does have to do with mobility of capital in that many of these "international" competitors are still reliant on American capital and are owned in no small part by American institutional investors.
The Japanese auto industry, like virtually all of postwar Japan, was almost entirely financed by Japan's persistently high domestic savings rate. You don't have to take my word for it, just look at the long and persistently high current account deficit Japan has with the US. Japan is a huge net exporter of capital, not importer, and it has been for 50 years.
2. It does have to do with mobility of capital in that many of these "international" competitors are still reliant on American capital and are owned in no small part by American institutional investors.
> This has nothing to do with "mobility of capital", and unless you shut down trade completely, there's nothing in the world that can protect poorly managed American companies from foreign competition. (Nor should you, while one million UAW workers saw their pay decline, 300 million Americans benefited from a vast improvement in car reliability, affordability and safety.)
You are mixing in a moral argument about which is better but it is sort of irrelevant to the veracity of claims like "manufacturing jobs never paid close to $30/hr" and "high-skilled manufacturing was never outsourced."