Comment Comment by happytiger The only problem with the argument is that it’s completely false (not you, the company).> These days, China's labor costs are only 4% cheaper than those in the U.S. when productivity is factored in, according to Oxford Economics.https://money.cnn.com/2016/03/17/news/economy/china-cheap-la....So once you realize the company is using the excuse (lying?) about the labor excuse, then you have to wonder what the real reason is.Especially after their disaster of a 2022 (which was directly the result of supply chain problems in... Drum roll please... China).Good opinion piece: https://seekingalpha.com/article/4547012-stanley-black-and-d...More information: https://www.logisticsmgmt.com/article/global_labor_rates_chi... parent happytiger 3 years ago
> These days, China's labor costs are only 4% cheaper than those in the U.S. when productivity is factored in, according to Oxford Economics.
https://money.cnn.com/2016/03/17/news/economy/china-cheap-la....
So once you realize the company is using the excuse (lying?) about the labor excuse, then you have to wonder what the real reason is.
Especially after their disaster of a 2022 (which was directly the result of supply chain problems in... Drum roll please... China).
Good opinion piece: https://seekingalpha.com/article/4547012-stanley-black-and-d...
More information: https://www.logisticsmgmt.com/article/global_labor_rates_chi...