Wage Arbitrage News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Take stock of where we're getting the things that we need? >> well, yes. for the last four or five decades, i've heard nothing but just in time the, wage arbitrage, you know, costs create global webs for manufacturing. what we've learned from all of this is it's very brittle. it's 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. they're starting to bring supply chains back home. and, you know, with the kind of automation we have today, the wage advantage they have ...

Foreign countries where labor is cheaper and you've pointed out that for g.e. as a global company, you have to make stuff close to the places you're selling it. so, i mean, isn't that a problem? if you're not going to be able to make stuff in china zsh. >> -- >> so we're running the plate, fareed. we're a $22 billion plus exporter. we're 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, that's 1980s. that's the old global playbook. unfortunately people in the u.s. get confused between globalization and ou...