Vance: The American Economy Is Quitting the ‘Drug’ of Cheap Labor
“Cheap labor,” according to Vice President JD Vance, “inhibits innovation” and is “a drug that too many American firms got addicted to” over previous decades of globalization.
“Whether we were offshoring factories to cheap labor economies or importing cheap labor through our immigration system,” Vance continued, “cheap labor became the drug of Western economies.”