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by npalli
4002 days ago
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Labor is only 5% of the total manufacturing cost. Even if you pay $0/hr in china, the (lack of) cost of transportation + low price of oil/gas due to fracking makes the total cost lower. Though it seems to be true for energy intensive heavy industries ("energy intensive industries such as steel, aluminum, paper and petrochemicals"), not sure it works for low skilled commodity or labor intensive industries. |
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