A big part of why US manufacturing struggles to compete with overseas countries is simply because in the US companies are expected to subsidize health care. In Europe, every citizen's taxes pays for health care and with a much larger base, you have lower costs and industry isn't responsible for carrying workers' health care. Here, corporate America disproportionately carries that burden. As long as the US clings to a model that dates back to the middle of last century when most people worked in large, structured industry, it will be less and less cost competitive.
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