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by ben_bai
992 days ago
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> They have low labor cost, insanely good infrastructure and logistics, cheap energy and weak labor rights. You're not gonna outcompete them on manufacturing. Sorry to bust your bubble but that has slowly been changing. Mexico and India is the new China, or at least they will be very soon. For years, wages in China were much lower than Mexico's. Now, Mexico's manufacturing labor costs are 20% lower than in China. When adjusted for worker productivity, the gap is even wider. And India is getting there, too. |
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