When an industry matures, it means it's not advancing, and of course the jobs go overseas. That's the obligation of the multi-national corporation: to put the factory where it can make the widget as cheap as possible. Don't get angry when a corporation does that; we've all bought into this concept. We live in a capitalistic society.
This quote highlights the inevitable realities of capitalism and global market dynamics. As industries mature, cost-cutting measures and optimization lead companies to relocate production to regions with lower expenses, often resulting in job losses domestically. While this may seem ethically challenging, it reflects the fundamental drive for efficiency and profit maximization inherent in capitalism. Recognizing this behavior urges us to consider how societies can adapt, support displaced workers, and promote economic resilience amidst these global shifts.
