- Joined
- Mar 1, 2004
- Messages
- 11,171
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I buy hifi gear from reputable Chinese manufacturers. They are high quality, hand assembled products - beautifully made; and a third the price I'd pay if they were made in Italy, the USA, Britain, or Australia.
What we're seeing with China is what we've seen in Japan, Taiwan, Korea. As they gain markets, their standard of living also rises; until they are paying more for their own labour than a cheaper country. Gradually, the manufacturing sector does what we did, and offshores the labour, keeping the Head Office at home. Some third world country will become the next manufacturing giant, until it becomes too wealthy - then the cycle will start up again.
What we're seeing with China is what we've seen in Japan, Taiwan, Korea. As they gain markets, their standard of living also rises; until they are paying more for their own labour than a cheaper country. Gradually, the manufacturing sector does what we did, and offshores the labour, keeping the Head Office at home. Some third world country will become the next manufacturing giant, until it becomes too wealthy - then the cycle will start up again.