Exacta. Firms like Apple moved because labor was becoming expensive as China’s economy developed over the last few decades (beyond the geopolitical issues). You see it with outsourcing moving to Philippines, Vietnam, India, Thailand, Eastern Europe. These firms will keep chasing cheap labor in developing nations when they can. Next’ll be Cambodia, Indonesia, Bangladesh, Central Asia, Africa until there’s nowhere left or its all robots.
Exacta. Firms like Apple moved because labor was becoming expensive as China’s economy developed over the last few decades (beyond the geopolitical issues). You see it with outsourcing moving to Philippines, Vietnam, India, Thailand, Eastern Europe. These firms will keep chasing cheap labor in developing nations when they can. Next’ll be Cambodia, Indonesia, Bangladesh, Central Asia, Africa until there’s nowhere left or its all robots.