It is possible for the United States to compete against cheap foreign labor because expensive domestic workers

Question

Quizplus · Accepted Answer

Expensive domestic workers can compete against cheap foreign labor because they are typically more productive due to higher levels of education, training, and technology. They can also offer higher quality products and services, which can command premium prices in the global market. While unions, tax payments, and subsidies can have an impact on competitiveness, they are not the primary factors that enable the United States to compete against foreign labor.

It Is Possible for the United States to Compete Against