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jfengellast Saturday at 9:11 PM1 replyview on HN

Unlikely, since our labor costs are still considerably higher than elsewhere. For a very long time our economy has rested on developing high margin products and letting others do the low-marginal-overhead of making it. We assumed that they were not going to catch up to us as innovators.

That was a dangerous mistake, and we may be left with nothing.


Replies

dalyonslast Saturday at 9:43 PM

Chinas labor costs are no longer cheap either. They just have higher tech factories now.