With rising salaries, labor unrest, environmental devastation and intellectual property theft, China is no longer an attractive place for Western companies to move their manufacturing, writes Vivek Wadhwa. "Technology has also eliminated the labor cost advantage. [China] built its dominance in manufacturing by offering massive subsidies, cheap labor, and lax regulations. With technologies such as robotics and 3D printing, it has no edge."
Imported from the CTE archive to seed discussion on MFGAxis.
Originally published on CTE: 2016-08-29
CTE source: https://ctemag.com/news/china-wont-own-next-gen-manufacturing/
Legacy path: /china-wont-own-next-gen-manufacturing