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The End of Cheap Chinese Labor

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when Steve Jobs introduced the iPhone in 2007 Chinese labor cost about one US dollar less than Thailand or the Philippines and a bargain compared to Malaysia fast forward 15 years and wages have increased nearly everywhere but China is in a league of its own by the time the iPhone 14 was released last year the cost of Labor had gone from one to eight dollars today for the price of one hour of Chinese labor you can buy 4.5 in Mexico in fact the only major Latin American economy with a higher cost is chilly not only is made in China no longer cheap globally speaking you might even say it's expensive so what's next for the world's Factory sponsored by nebula the platform created owned and loved by creators sign up for exclusive early and bonus content and to support polymatter directly this is what two decades of cheap T-shirts TVs and toys looks like this is Walmart and Amazon and the dollar store on the left are people you know about the one child policy but