Chinese manufacturers: The end of cheap goods?
I have mixed feelings on this article.
Yes, China is no longer the endless supply of cheap labor it was. But, in the electronics/computer area, there has been a continual decrease in prices with changes in technology. And productivity has been improving, that has resulted in lower manufacturing costs. Labor cost is often a small part of the total cost of an item.
Chinese manufacturers: The end of cheap goods? - The Economist
Yes, China is no longer the endless supply of cheap labor it was. But, in the electronics/computer area, there has been a continual decrease in prices with changes in technology. And productivity has been improving, that has resulted in lower manufacturing costs. Labor cost is often a small part of the total cost of an item.
Chinese manufactur
Labels: made in china
posted by Ray Ritchey at
4:49 PM
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