Saturday, September 11, 2010

Why Jobs have left the USA

Small business manufacturing was priced out of the US employment market by a combination of (slightly) higher labor costs and massively higher regulatory costs here (environmental, OSHA, Zoning, taxation) compared to other nations.

By small business manufacturing I mean the family that owns a metal-bending business or a loom embroidery business or a casting business. I personally know these owners, who closed their businesses or moved their machinery to Mexico, rather than make the capital investment to stay in compliance with new USA regulations.

Their workers were perfectly happy to work for them; they continually hired and trained young people; they were emotionally drained when they closed down.

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