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MichMan

(15,820 posts)
12. What about manufacturing plants that will be outbid by competitors in China and Mexico?
Sat Nov 2, 2024, 05:24 PM
Nov 2024

Causing many of their customers to pull their business and outsource to overseas competitors. I worked for an auto supplier that made parts for the car manufacturers (Tier II) Every single job that was awarded required beating out a competitor in another part of the world, making profit margins pretty minimal. Can't raise prices because your customers won't accept it and will take their tooling and move it to another country. They paid above minimum wage, but not the wages people are advocating.

I guess they all deserve to go out of business

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