Do you ever worry that low cost products made in low wage countries are the result of exploitation of labour?
I absolutely do, offshoring relocates business to the lowest bidder and when you go to countries with no jobs, you call the shots and they'll take anything you give
Over time, would you expect those cheap labor markets to become less cheap as foreign capitol flows in?
With all the immigration and mass migration going on, I feel like the cost will get even lower
Interesting standpoint. What about sub-sarahan Africa as a new emerging market for outsourcing? It seems to be the last frontier of truly untapped labor.
Economy of Africa
The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. , approximately 1.3 billion people were living in 54 different countries in Africa. Africa is a resource-rich continent. Recent growth has been due to growth in sales in commodities, services, and manufacturing. West Africa, East Africa, Central Africa and Southern Africa in particular, are expected to reach a combined GDP of $29 trillion by 2050.
In March 2013, Africa was identified as
didn't make what they call 'Sub A' segment cars, small city cars – you don't make any money on them. Because the tooling and development cost for a small car is almost the same as for a bigger car. So people would rather build larger cars and make more profit. That's when I started thinking, that if this is going to work there needs to be a new way of making the cars, that is cost effective. That high capital pressed components using low labour cost countries a