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Much of the competitive advantage that pushed manufacturing overseas was that people in poorer countries would accept lower wages for similar work compared to d
by rtkwe 5y ago
Much of the competitive advantage that pushed manufacturing overseas was that people in poorer countries would accept lower wages for similar work compared to doing it in the US. That lowers costs a lot and makes up for other inefficiencies like prototyping time (though that has come down since so much is concentrated and can be developed locally in places like Shenzhen) and transportation.