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marxism

by   -   December 9, 2012

In an opinion piece in the NY Times, Paul Krugman cites a report about the growing evidence of “reshoring” of manufacturing. The principle reasons are rising wages in Asia; lower energy costs in the US; higher transportation costs; and robots. The report concludes that since labor costs don’t matter that much since most of the costly components are already robot-produced in the US, you might as well locate where the markets and infrastructure are.



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