They have and will go overseas no matter what is done, unless you want to make 50 cents and hour to please the greedy corporatists.
Are you for real? Make this country a business friendly country and they will come back. It's not all about the wages, fool.
Actually, wages do play into companies hiring offshore! Even with wages being flat since the 80's, companies still get cheaper labor offshore. Typically, employee wages/salaries are anywhere from 30% to upwards of 50% of the cost of running a business ****. If a business can cut it's wages by 50% and lower their overall cost of doing business by 15% to 25%,would they do it? The answer is yes. And companies are doing it! This sure helps explain why businesses are having record profits during a basically world-wide economic downturn.
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That is a collateral reason, the main reason is that there is a 40% corporate tax rate in the US and around 25% in foreign countries including China. Spin this whatever way you want, but the main reason isn't employee wages.