But the labor costs of manufacturing are still tiny compared to material costs. If labor was free for European manufacturing that would only drop the price a token amount, not the £10,000+ that Chinese autos have over current cars.
But the labor costs of manufacturing are still tiny compared to material costs. If labor was free for European manufacturing that would only drop the price a token amount, not the £10,000+ that Chinese autos have over current cars.
So-called materials are manufactured, too, and usually not in China. Might be Poland or Hungary or Portugal though.