The best thing I’ve ever done was moving my business from the U.S. to Asia. It was a real eye-opener as to how much easier it is to work and prosper here than it is in the U.S. where everyone has their hands out for the fruits of your labor.
As an employer here, I also learned what a myth it is that labor costs in the U.S. are the key reason why the U.S. isn’t competitive. The real reason is the overhead added by out-of-control legal and political systems there.
The fact is that the average U.S. worker is more capable and productive than the average worker in the same occupation here in Asia but that advantage is more than offset by the thirty to forty percent of built-in costs in the U.S. system that don’t exist here.
Add to that the ridiculous tariffs that India and China impose on products coming into their economies that the U.S. doesn’t have and it’s hopeless for a U.S. worker to compete.
Many costs are actually lower in the U.S. on average than they are here, which could be a big advantage if all other things were equal. Metals, plastics – industrial land and utilities – are in general lower cost and more readily available there then in Asia.
Add to that the time and cost of shipping goods from Asia to the U.S. and you have real built-in advantages for manufacturing in the U.S.
Another inherent advantage (which is fast disappearing) is that the U.S. is still the center of gravity for many advanced technologies.
If the thirty/forty percent of dead weight in the U.S. economy were lifted off its back, the U.S. economy, with all its inherent advantages, would roar back to dominance.
There are too many special interests sapping the U.S. economy for their own advantage though while furiously denying that any real problems exist.
In a word, I’d say give up on trying to save the U.S. though because those special interests are just too powerful and deeply entrenched and the country doesn’t have the will or the wisdom to shake them off and save itself.