Question

Some manufacturing companies have been moving their factories to countries where nonunion labor is cheap. They say they do this to reduce costs and compete with foreign companies. United States unions have opposed the cuts in U. S. Jobs, insisting that companies must care for their workers. Which side would you support if you were an investor in a company moving a factory to a different country? Explain your reasoning for each response

Answer 1

I would support moving factories to countries where union labour is cheap because that is the financially wise decision to make.

Also, I will ensure that the welfare of workers in those factories are met.

Global Manufacturing Industry

Global manufacturing industry tends to favour countries where non union labour is relatively cheap.

For investors, their primary aim is to invest in a sustainable business that is competitive globally.

It is understandable that most investors would tend to side with moving their manufacturing base to countries where non union labour is still cheap.

However, it is also important that the care and safety of workers should be paramount in any company.

As an investor, I will support moving the manufacturing base to a country where union labour is cheap and also care for my workers so that we may have competitive advantage in the global market.

Learn more at Union labour at brainly.com/question/1955942