Comment by themaninthedark

Those who tout Free Trade and Globalism as well as those who look at Wall Street numbers and claim that is success.

>Production offshoring, also known as physical restructuring, of established products involves relocation of physical manufacturing processes overseas,[22] usually to a lower-cost destination or one with fewer regulatory restrictions. >Physical restructuring arrived when the North American Free Trade Agreement (NAFTA) made it easier for manufacturers to shift production facilities from the US to Mexico. >This trend later shifted to China, which offered cheap prices through very low wage rates, few workers' rights laws, a fixed currency pegged to the US dollar, (currently fixed to a basket of economies) cheap loans, cheap land, and factories for new companies, few environmental regulations, and huge economies of scale based on cities with populations over a million workers dedicated to producing a single kind of product. However, many companies are reluctant to move high value-added production of leading-edge products to China because of lax enforcement of intellectual property laws.

https://en.wikipedia.org/wiki/Offshoring#Production_offshori...

https://theweek.com/articles/486362/where-americas-jobs-went

https://www.economist.com/media/globalexecutive/outsourcing_...