4 ms·
> Cheap cost of labor is a distant third benefit of manufacturing in China. Increasingly distant as labor costs continue to soar in China that their demographi
by nyokodo 5y ago
> Cheap cost of labor is a distant third benefit of manufacturing in China.
Increasingly distant as labor costs continue to soar in China that their demographic crisis will only exacerbate. China speed now is only possible due to a never ending debt stream that gets eternally refinanced.