wage and cost inflation in the US is a driver for even needing to look abroad for cheaper places for manufacturing. Our inflation in wages and costs can be laid directly on the FED for debasing our currency. Our wages are in a massive bubble compared to where they would be under sound money. That bubble is popping due to globalization. But make no mistake, globalization is due to the inflation in this country. And I would be neglegent to not include the regulatory and tax environment as pieces to the globalization pie.
Bottom line, the FED and federal government has made it too expensive to operate here. And companies with the need and ability to offshore have done so to maximize profitability.
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