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while labor rates do play role, they are not the primary reason and are often over stated as the reason for off shoring Other governmental regulations includin
by syshum 5y ago
while labor rates do play role, they are not the primary reason and are often over stated as the reason for off shoring
Other governmental regulations including environmental regulations are far more impactful then raw labor rates, or taxation
Even some of the manufacturing that is not directly impacted by these regulation will move as they want shorter supply chains, so if key core components move, often times the final consumer goods those components go into will move as well. The inverse is also true, if something causes finished goods to off source the manufacturing of the components in the item move with it