The Decline of Manufacturing in America: A Case Study

From Naked Capitalism: One frequent and frustrating line that often crops up in the comments section of this blog is that American labor has no hope, it should just accept Chinese wages, since price is all that matters. That line of thinking is wrongheaded on multiple levels. http://www.nakedcapitalism.com/2011/09/the-decline-of-manufacturing-in-a...