> reduce production costs to get down to similar price points
How on earth is anyone supposed to compete with near slave labor in China?
How on earth is anyone supposed to compete with near slave labor in China?
And, to be honest, Chinese manufacturing is not the open slave market it used to be. They've cleaned up their act quite a lot, and the quality of life in Shenzhen isn't that bad. China isn't winning just because they have cheap labor, but also because they have made numerous innovations and smart investments in manufacturing. The poverty rate is only 6% higher in Shenzhen than in San Francisco.