I think that severe Federal regulations have more to do with outsourcing labor than supply-side economics. Moving a company outside the borders reflects poor tax policy. Outsourcing labor reflects excessive regulations, i.e. setting the minimum wage to $15.
>>I think that severe Federal regulations have more to do with outsourcing labor than supply-side economics. Moving a company outside the borders reflects poor tax policy. Outsourcing labor reflects excessive regulations, i.e. setting the minimum wage to $15.
The big outsourcing boom began 20 years before anyone mentioned a $15/hr minimum wage. That’s just a boogeyman. Outsourcing happened because the internet and the ISO container ship made it cheap. Period. Everything else is just an excuse used to cover the real reason.
I agree. What are supposed to have instead? Demand side economics? Isn't that what we have now, or an infusion of it? If supply side is dangerous now, then is just proves that the problem is much bigger than that.