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Really gets down to cheap labour competitive(or anti-competitive perhaps) advantage that make production of some products cheaper and any local offering unable
by Zenst 7y ago
Really gets down to cheap labour competitive(or anti-competitive perhaps) advantage that make production of some products cheaper and any local offering unable to compete.
If you had a product and both identical, one made in America, other in China, the later one costs half the price, both same quality. How many would pay the extra for something made locally - is it gets down to exactly that and why many local industry has died or shifted away.
Same thing is playing out with high street's and shopping malls with internet shopping. How many of those internet consumers will be the first to moan that they can't pop into a local shop any more as it has closed down.
Consumer loyalty is and always pretty much been price/quality over country loyalty. Ironically brand loyalty holds more water than country of manufacture. For me personally, the last time country of manufacture was a thing was in the 70's/early 80's for electronic goods with Japan having as a country the same level of brand loyalty that Apple has today.
But things change, robots are advancing and production line automation with robots is always improving. You may well see manufacturing comming home, albeit done by robots as that is the only way your going to see competitive balance against cheap labour. Though, how many then will have that ethical quandary about what happened to all that cheap labour that is no longer needed. But then, price/quality always seem to be the main drivers and I'm not seeing that change anytime soon. But I'd love to be wrong upon that.