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Probably the problem with West are high wages and unions (especially in Europe). West could still win if it had advanced manufacturing and robotic equipment whi
by codedokode 2y ago
Probably the problem with West are high wages and unions (especially in Europe). West could still win if it had advanced manufacturing and robotic equipment which nobody else has but this doesn't seem to be the case.
- surgical_fire 2y agoBullshit of the ages. China is not even that cheap in terms of labor anymore. This is just the capital class mantra wanting to reduce labor protections, because of course they will.
- chii 2y ago> China is not even that cheap in terms of labor anymore. they're still cheaper than US labour. And their supply chain has proxity benefits that the US no longer has. And the workforce is reasonably skilled now after a few decades of these skilled labour jobs (watch some YT video of how electronics are assembled there, if you want to see skill). In cheaper production countries, you'd see similar, but china still has the edge. That's why the higher cost (compared to yester-decade) is not a factor yet, and only some of the manufacturing is being pushed out to places like vietnam, but not all. The advantage china has is a similar type of advantage that silicon valley has for tech.