Wage Arbitrage News Today

Take stock of where were getting the things that we need? >> well, yes. for the last four or five decades, ive heard nothing but just in time the, wage arbitrage, you know, costs create global webs for manufacturing. what weve learned from all of this is its very brittle. its easily broken birdies corruption in places, and it only takes one nail, one shoe, one horse, one cannon, and the battle is lost, so to speak. well, businesses are rethinking that. theyre starting to bring supply chains back...

Foreign countries where labor is cheaper and youve pointed out that for g.e. as a global company, you have to make stuff close to the places youre selling it. so, i mean, isnt that a problem? if youre not going to be able to make stuff in china zsh. >> -- >> so were running the plate, fareed. were a $22 billion plus exporter. were a $6 billion importer. i think we kind of run the best u.s. play. now moving stuff out of the united states just purely for wage arbitrage, thats 1980s. thats the old ...