Quote from EON Kid:
Debaser How much do you pay for that
Quote from newguy05:
but it is still SIGNIFICANTLY cheaper than usa, wage is just part of it, all the regulations, insurance etc..is multiples higher in the us. Outsource will not grow at the rate it has in the past, but there is no major shift out of china in term of manufacturing right now. Also need to realize cost is just 1 factor, social stability, safety and infrastructure/transportation etc.. also plays major roles in the decision factor. And there is no country that's even remotely close to what china has. The 2nd closest "safe" country india still has mud/donkey infrastructure with badly managed trains. Brazil you need to walk around with bodyguards, and the cost isnt that much cheaper.
China is just like the usa during the industrial revolution, little regulation = lower cost. As the country grow and become more economically sound, its citizen and government will demand greater protection, higher wages, more regulations etc... and eventually china, just like the usa, will no longer be a cheap outsource destination, and it will shift again to another country, the cycle will continue. But that's still a decade or two away at least. What i do know is there is little chance the outsourcing will stop and come back to the us, unless the government pass hardcap laws, which is not likely.
Quote from KINGOFSHORTS:
New Balance sneaker new, made in USA bought for 34 bucks. VS Made in China Nike 60 dollar sneaker.
So the whole story about making a sneaker or making things in the US = x10 times the cost is totally BS.
The difference is Nike probably pockets the spread.
So proof that made in the USA is unaffordable is a big lie propagated by the mass media and the politicians.
Quote from Hydroblunt:
The whole mechanism is basically held down by slave like wages of the Chinese, which will not last and is not lasting. China cannot keep its currency down. With the USD dropping, some manufacturing will start returning, but the days of well paid blue collar union workers are long gone. You can replicate the Chinese offshore plant with a sweatshop in NYC Chinatown, as it has been done and still is up to a degree. Just a matter of making it legal.
Quote from newguy05:
I suggest you get a better understanding of china before making those statements, the us media is not always right...
Quote from Hydroblunt:
I don't watch the news. And my information is not from US media. Maybe you should do some digging.
Chinese Factory workers pay for their room & board, meals and any other goods. All of these are required to be bought from the company they work for and docked from their paycheck. Obviously the company provides those at cost (heavy sarcasm intended)
The workers try to put whatever they can away and send home to their families at the villages, who no longer can be self sustainable. So it's not like they have high standards for pay wages and the factory owners are well aware.
It is essentially a sweatshop and slave-like wages. Pretty much the same model that was widespread during the Industrial Revolution. I suggest doing some reading on that.
Obviously the conditions in general have improved. But it still does not change the fact that the Chinese work for cheap and require less hassle from the perspective of health standards, work standards & general liability.