Low-cost labor may not be all it’s cracked up to be.
That message, delivered repeatedly these days at industry confabs and seminars, doesn’t signal manufacturing’s exodus from developed countries is over. But it does mean the movement could be a little more tempered and a lot more strategic than what was foreseen a decade ago.
Hourly wages of $2.50 in Mexico and 88 cents in China will continue to be a draw for many.
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