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To: central_va

You are contradicting yourself. If labor is only 10% why is cheap foreign labor a problem in the first place? Chinese shoes should cost only 10% less according to your theory.


31 posted on 11/23/2011 7:54:43 PM PST by federal__reserve (What matters in 2012 is jobs, jobs, jobs! Jobs kill unemployment, foreclosures & deficits)
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To: federal__reserve
You are contradicting yourself. If labor is only 10% why is cheap foreign labor a problem in the first place? Chinese shoes should cost only 10% less according to your theory.

This isn't theory it is fact. Labor is only 10% of the retail price on average of manufactured goods. Do your own research. All of this off-shoring is to "save" pennies on the dollar.

34 posted on 11/24/2011 4:11:17 AM PST by central_va ( I won't be reconstructed and I do not give a damn.)
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