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@CapitalistPig-Dog - you could not be more misguided. Gibson, Fender et al didn't leave the USA because of federal minimum wage laws or other regulation - luthiery is a skilled job paying $20-50/hr -well above any federal minimum - they went to Asian sweatshops because corporations are slaves to their shareholders. Share price and dividend are Job1.

I propose a compromise:

I would like it to be a federal mandate to US corporations doing business overseas, that they must pay US Federal min. wage, or the labor cannot be used as COGS (cost of goods sold), meaning 100% of the cost would come out of taxable income instead of being considered a cost of production.

The result would be two-fold: 1)It would raise the standard of living in the communities where those plants are in operation, creating a whole new class of consumers who could buy the products they are making, plus demand for other USA-built products. 2)It would make the move to China/Korea/Malaysia less attractive in the first place.

If it's true that our workforce is 4x as productive as those workforce(s) - then $7/hr spent here equals $1.75/hr spent there. Subtract the cost of overseas packaging and shipping and you're roughly even-money, or close enough that the "juice" of dealing with Asia is no longer worth the squeeze.
DRK

Leslie - good report but it's "Ibanez" not "Ibenez" . If you're going to be a credible writer, fact-checking has to be job1.

I think guitars are pretty cool,I am thinking about taking guitar lessons and it's very interesting to know how these were made

How about letting the market dictate the price of goods and commodities and then paying a wage that is commensurate with demand. Too much government involvement and regulation on the production end is what caused these jobs to be lost to American companies in the first place.

Whenever production costs are raised by arbitrary government mandates, companies will close shop and look for greener pastures elsewhere.

Wow, thanks for posting this -- I didn't know about the labor issues in this industry. It's good to know Tom and Boots were doing the right thing as usual. I hope the companies are watching.

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