libertymcateer
Joined 11 years ago
Joined 11 years ago
"The Universe is shaped exactly like the Earth, if you go straight long enough, you'll end up where you were."
Isaac Brock is the lead singer of Modest Mouse.
Proximity to resources is priced in to 'cost', no?
Second - all the other costs in low wage countries are also a lot lower. Combine that with how absurdly cheap international shipping is and there is no reason to relocate the manufacture of low-margin goods to the US until you are really starting to talk about the costs of automation being so efficient the extra pennies on shipping will make a difference in earnings. Given the expense of maintaining real assets in the U.S., i.e., buildings (utilities, maintenance, insurance, taxes, building), this is likely to be a while.
https://www.nytimes.com/2017/07/07/business/dealbook/sec-ini...