“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 shift system,” Vance continued, “cheap labor became the drug of Western economies.”
Vance’s latest remarks on labor and immigration formed part of his opening keynote address to the American Dynamism Summit on Tuesday morning in Washington, D.C. Vance analyzed cheap labor’s impact on the American economy to challenge the apparent notion that there are irreconcilable differences between the “techno-optimist and the populist Right of President Trump’s coalition.”
“As a proud member of both tribes,” Vance told the crowd that he believes the idea of a…
