Re:China’s Economy to Reap Benefits That Once Flowed to U.S
by dictum on Monday December 24, 2018 @01:59PM
(#18753658)
> But we're still designing better products, we're just building them in China and in the process giving away a cut that used to go to American workers.
While that may be true, something that's often overlooked is that US-based manufacturing can be cost-neutral within the domestic US market (prices rise, but wages rise enough to cover the former) but not globally (other countries have lower purchasing power, so if prices of American-designed product rise, non-US markets shrink)
While that may be true, something that's often overlooked is that US-based manufacturing can be cost-neutral within the domestic US market (prices rise, but wages rise enough to cover the former) but not globally (other countries have lower purchasing power, so if prices of American-designed product rise, non-US markets shrink)