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Message
re: Goodbye Covid, Hello Disease X
Posted on 1/21/24 at 2:09 pm to goatmilker
Posted on 1/21/24 at 2:09 pm to goatmilker
quote:
I am saying China saw the possibility of global manufacturing being diversified across the planet
It was already occurring.
China is pricing themselves out of the market. Companies were already offshoring to Vietnam, etc.
quote:
In many Chinese cities, the minimum wage is over $350; in some, hiring workers for less than $500/month is impossible. While both countries have an abundant young workforce, Vietnam is still the more cost-effective choice for manufacturers looking to lower their labor spending
To escape tariffs, Chinese companies offshore mfg to VietNam.
This post was edited on 1/21/24 at 2:10 pm
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