
Why U.S. Jobs Move Overseas
Why do U.S. companies relocate their plants overseas, thereby abolishing U.S. jobs? (a) they can hire workers at very low wages (such as 30 cents an hour in China), (b) the companies don’t have to pay any employee benefits, (c) they don’t have to comply with safety and environmental regulations, (d) they don’t have to pay foreign taxes when they export their products back to us.
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