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this post was submitted on 15 Sep 2023
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Won't automakers be moving their production lines aboard as result ? There are companies that moved production abroad to reduce costs or/and not have to care about working conditions. Just saying.
Thanks to the chicken tax, they'll have to keep some manufacturing in the USA. Maybe this will be what finally kills it.
Ain't the chicken tax already being evaded by Ford making trucks in Turkey ?
Considering less than a sixth of a vehicle's input cost is labor, they could double their pay and still make 25% more profit than what it would cost for truck import taxes...
They could but they are after maximizing profit. Why else would be corporates moving their factories to the other end of the world? To give poor people a job? Or to reduce costs because domestic labour is much more expensive?
If we're still talking about trucks, you would need to find some place where not only do you pay them less than what someone would make in a Chinese vehicle manufacturing plant, you also need to make sure that shipping and getting the right materials doesn't eat into that savings. It just isn't really economical anymore, unless you find more and more obscure countries with more instability and less infrastructure.