In yesterday's "The Rising Cost of Manufacturing" in The New York Times, analysts report that countries typically thought to produce goods cheaply - Russia, Taiwan, and China - now have costs pretty close to those in the United States.
While China's labor costs are still low, raw material and electricity costs exceed the same costs in the United States, making goods like yarn more expensive to produce in China than most other top exporters.
Check out the chart that shows how China's costs rose since 2004.
While China's labor costs are still low, raw material and electricity costs exceed the same costs in the United States, making goods like yarn more expensive to produce in China than most other top exporters.
Check out the chart that shows how China's costs rose since 2004.
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