3 ms·
> Like half the reason why people do manufacturing in China is because all the manufacturing is there It sure helps, but the primary reason is price. And the m
by myrmidon 2y ago
> Like half the reason why people do manufacturing in China is because all the manufacturing is there
It sure helps, but the primary reason is price. And the main driver for that are wages.
Chinese manufacturing pays workers an average $24k/year, for 49h/week. This is after adjusting for purchasing power-- actual mean wage is <$15k (!!).
You can shoot suspected union members on sight and allow dumping dimethyl mercury straight into the next river-- no amount of "regulatory streamlining" will come anywhere close to making the US competitive here.