this post was submitted on 31 Jul 2023
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Independence from China
Why? If it is in fact cost efficient the Chinese will be there too and will do it better at lower cost.
No, they won’t necessarily do it better or cheaper. You know the primary reason China has such cheap terrestrial manufacturing is because they have an absolutely massive population, most of whom are a good bit lower on the socioeconomic scale than western consumers, and the country overall has generally poor human rights and worker protections, right? There are reasons Chinese manufacturing is inexpensive, and the reasons aren’t very nice.
Cheap labor was China’s foot in the door 30 years ago. Now they instead compete at the highest levels. It is very similar to how Japan and South Korea developed their modern economies.