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That's trading a temporary advantage for a long-term disadvantage. Eventually labor costs will even out globally, meaning moving manufacturing to countries wit
by throwk8s 4y ago
That's trading a temporary advantage for a long-term disadvantage. Eventually labor costs will even out globally, meaning moving manufacturing to countries with a 30:1 ratio isn't a long-term benefit. But "onshored" manufacturing, in the long term, would reduce dependency on potentially unreliable (or adversarial) counterparties.
- londons_explore 4y ago> Eventually labor costs will even out globally, Somehow I have a feeling this will never happen.