Practically everything in America is made in China. And many Americans, and politicians, want to bring manufacturing jobs back to the U.S. The problem with that is that American labor costs are much higher than in China. The hourly rate for manufacturing jobs in the U.S. is five times higher than in China. Nearly $20/hr in America.
So, is American labor likely to reduce its hourly wage to compete with China? Not a chance. So the question for all those Americans who want to bring manufacturing jobs back to the U.S. is: are they, and you, willing to pay 5 times MORE for the same products to be made in America?
Let's take a perfect example. Apple products are made in China. The iPad, Apple computers, iPhones - everything Apple - is made in China. So, if Apple products were to be made in America, are you, and all your friends, willing to pay 5 times MORE for your beloved Apple products? I thought not.
