How the heck did we get to a point where stuff that's largely made in China is cheaper in the US?
Is that the USD privilegue or what is it? Not only does the US get to print their way to prosperity courtesy of world reserve currency status, it seems (anecdotally) anything from gadgets to clothes is cheaper in the US than the rest-of-world.
I mean, no envy, it's just utterly fascinating and somewhat baffling.
Products made in China and not exported are subject to different taxes (BTW a tag price in China is the final price, inclusive of all taxes, similar to Europe). In addition, the US probably has a more efficient distribution network, both in the form of better logistical networks and competition between retailers.
How the heck did we get to a point where stuff that's largely made in China is cheaper in the US?
Is that the USD privilegue or what is it? Not only does the US get to print their way to prosperity courtesy of world reserve currency status, it seems (anecdotally) anything from gadgets to clothes is cheaper in the US than the rest-of-world.
I mean, no envy, it's just utterly fascinating and somewhat baffling.