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If you look at the complete product and production lifecycle, not depending on cheap labor abroad might be cheaper for consumers in the long run. They might pro
by raxxorraxor 2y ago
If you look at the complete product and production lifecycle, not depending on cheap labor abroad might be cheaper for consumers in the long run. They might profit from low prices, but it also affects their value of their work on the market as well. You might also retain technologies.
Sure, maybe devices get more expensive, but the not new perspective proposed in the article got a lot of economies into problems. Perhaps it is correct, but perhaps it is not.