Re:Japan to fund firms to shift production out of China
by nybble41 on Thursday April 09, 2020 @11:44PM
(#22829807)
> The price would have evened out if labor could cross borders as freely as the goods that it produces…
That would certainly speed up the process. However, labor prices are still gradually rising in China and other common outsourcing areas despite these restrictions. As are environmental standards. I'm not saying it's an ideal free market—there are governments involved, after all. But free or not, the trade is still advantageous for both sides.
That would certainly speed up the process. However, labor prices are still gradually rising in China and other common outsourcing areas despite these restrictions. As are environmental standards. I'm not saying it's an ideal free market—there are governments involved, after all. But free or not, the trade is still advantageous for both sides.