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With fracking, the US has lower energy costs than China: http://www.bloomberg.com/bw/articles/2014-04-25/china-vs-dot-the-u-dot-s-dot-its-just-as-cheap-to-make
by aembleton 11y ago
With fracking, the US has lower energy costs than China: http://www.bloomberg.com/bw/articles/2014-04-25/china-vs-dot-the-u-dot-s-dot-its-just-as-cheap-to-make-goods-in-the-u-dot-s-dot-a http://www.bloomberg.com/bw/articles/2014-04-25/china-vs-dot...
- maxerickson 11y agoRight, my argument is that energy is not the most important difference. It may well be that the recent energy price moves are the thing that finally tipped the scales, but better wages in China as the economy there has expanded (along with soft wage growth in the US) have had a much bigger impact when you look at the last couple of decades.