Mises Daily
Author:
Hans F. Sennholz
Online Publish Date:
about the possibility of large-scale offshoring of jobs from the United States and Europe to China, India, and other countries. They speak of another Industrial the expansion of the service industry. It enabled and encouraged industrial labor unions to raise the cost of labor above its productivity, which has given rise to an paying wages. Surely, the American labor market is more flexible and vibrant than European markets, which is rendering it more adaptable to the changes to come. On the