I was thinking about this yesterday, I have a feeling that the value of labor of an auto worker that makes the same car in the US, Canada, Mexico and China is all the same. That value however is mispriced for various reasons which provide opportunities for capital owners at various parts of the system to pocket the difference. 🤔
Competing on price alone is always a race to the bottom - the value of labor is no exception.
I was thinking about this yesterday, I have a feeling that the value of labor of an auto worker that makes the same car in the US, Canada, Mexico and China is all the same. That value however is mispriced for various reasons which provide opportunities for capital owners at various parts of the system to pocket the difference. 🤔