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>But the majority of those would already be met in a lot of western economies, and wage IS the number one factor to build factories in China instead of, say, It
by modo_mario 2y ago
>But the majority of those would already be met in a lot of western economies, and wage IS the number one factor to build factories in China instead of, say, Italy.
It may be the biggest but at this point i think the combined corpus of other factor outweighs it insofar that it would take a long time for things to slowly come back.
At least for factories that aren't sweatshop work or primarily manual conveyor belt work.
Even in those later ones (I did automation for one in the food industry that literally can't move far abroad) it's insane how much of the endless amount of components that keep it all running came from china.
I think your best bet other than just wage is both education adjustments and gov incentive that works primarily from the bottom up rather than from the top down like countries in general in the west tend to try.
After all if i get a tax credit or grant or what have you for locally produced....idk keyboards...the cheapest way for me is still to get every component from china and to assemble here using a PnP machine manufactured in...you guessed it.