Economist says China not eating Mexico’s lunch
It’s interesting to see and think about the chase for low-cost labor… conventional wisdom is that manufacturers have chased cheap labor to Mexico, now China, now onto Vietname and other “Lower-Cost Countries”…. but is this true?
A fascinating book (a “historical” book almost, at this point), is a book about RCA chasing cheap labor across the U.S. from the 60’s through the 90’s. It’s sort of sad tale of repeated promises and repeated plant closures as RCA kept moving on… The book is called Capital Moves.