“I think it made sense early on when labor rates in China, for example, were one-fortieth of what they were here in the U.S. But if you flash forward from 2000 on to today, the labor rates are at 1.3x where China is right now… I think when you throw in other issues like cost of transportation, costs of quality control, IP theft – when you throw in total cost of ownership the benefits of globalization have essentially worn off,” Semenuk said.
Read the article.
