Economics
Made in China Not as Cheap as You Think
Just 4% less than in the U.S.
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Here's something to think about the next time you hear a U.S. presidential candidate criticize China for unfair trade: labor costs adjusted for productivity in China are only 4 percent cheaper than in the U.S.
Even with the dollar's rally since 2014, U.S. manufacturing is benefiting from the world's strongest rate of productivity, a flexible labor market, cheap energy and from having a big domestic market.