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We do. germany has very high wage levels. they can still compete. germany is still a net exporter. japan is still a net exporter. you can do it with high wages. glenn: so then what is the secret? what is keeping people from manufacturering and making things here in america? if it s not wages, what is it? well, part of is it the excess cost which americans have. you mentioned healthcare before. massive litigation costs we have in the united states. many things in the united states which other countries don t have in their expense base, which cost us and makes it more difficult for to us compete. plus education, which you mentioned before. you know as well as i do, american kids do very badly on tests on the international tests. i mean it s, i don t like saying any of this. i m an american and i pay taxes. but we have to face facts. glenn: okay. back in just a second. ....
We do. germany has very high wage levels. they can still compete. germany is still a net exporter. japan is still a net exporter. you can do it with high wages. glenn: so then what is the secret? what is keeping people from manufacturering and making things here in america? if it s not wages, what is it? well, part of is it the excess cost which americans have. you mentioned healthcare before. massive litigation costs we have in the united states. many things in the united states which other countries don t have in their expense base, which cost us and makes it more difficult for to us compete. plus education, which you mentioned before. you know as well as i do, american kids do very badly on tests on the international tests. i mean it s, i don t like saying any of this. i m an american and i pay taxes. but we have to face facts. glenn: okay. back in just a second. ....
Much higher wage levels than we do. germany has very high wage levels. they can still compete. germany is still a net exporter. japan is still a net exporter. you can do it with high wages. glenn: so then what is the secret? what is keeping people from manufacturering and making things here in america? if it s not wages, what is it? well, part of is it the excess cost which americans have. you mentioned healthcare before. massive litigation costs we have in the united states. many things in the united states which other countries don t have in their expense base, which cost us and makes it more difficult for to us compete. plus education, which you mentioned before. you know as well as i do, american kids do very badly on tests on the international tests. i mean it s, i don t like saying any of this. i m an american and i pay taxes. but we have to face facts. glenn: okay. back in just a second. ....