Comment by leoedin
3 months ago
Western countries wouldn't have moved manufacturing to China in the past if wages weren't cheaper.
I think the cost of labour now is kind of irrelevant. It was the cost of labour (and China being a stable country with favourable rule of law) that drove offshoring in the 90s and 2000s. The Chinese manufacturers chose to invest in process improvement and automation rather than just chasing the cheapest labour - and so now they've got a massive technical advantage.
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