3 ms·
Price: Cost of labor is still orders of magnitudes cheaper in China. Quality: The west has the better part of a century's worth of catching up to do in know-ho
by Dalewyn 3y ago
Price: Cost of labor is still orders of magnitudes cheaper in China.
Quality: The west has the better part of a century's worth of catching up to do in know-how.
Speed: See above. Also tighter government regulations, for better or worse.
Versatility: See above.
As it turns out, dumping domestic manufacturing capability didn't come without significant costs.
- ajmurmann 3y agoThis seems largely true. I do wonder about "The west has the better part of a century's worth of catching up to do in know-how.". Does this truly extend to the West? Manufacturing in Germany seems alive and very healthy for more advanced products. Not sure about other European countries. I also understand that Mexico actually is very good for high value-add manufacturing.