> compounding gains that didn't cause massive economic hardships along the way.
I’ve read multiple stories of European manufacturers saying they are struggling with high operating costs, with energy being a major factor making it difficult to compete with China who has invested in every sort of energy broadly. China doesn’t just compete on labour costs like people think, they figured out ways to make every part of operating there cheaper.
Just keeping the prices baseline to something else that’s already relatively expensive shouldn’t be the only goal. But it’s progress I guess.
I’ve read multiple stories of European manufacturers saying they are struggling with high operating costs, with energy being a major factor making it difficult to compete with China who has invested in every sort of energy broadly. China doesn’t just compete on labour costs like people think, they figured out ways to make every part of operating there cheaper.
Just keeping the prices baseline to something else that’s already relatively expensive shouldn’t be the only goal. But it’s progress I guess.