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When Steve Jobs introduced the iPhone in 2007, Chinese labor cost about one U.S. Dollar less than Thailand or the Philippines and a bargain compared to Malaysia. Fast-forward fifteen years and wages have increased nearly everywhere. But China is in a league of its own. By the time the iPhone 14 was released last year, the cost of labor had gone from one to eight dollars. Today, for the price of one hour of Chinese labor you can buy 4.5 in Mexico. In fact, the only major Latin American economy with a higher cost is Chile. Not only is Made in China no longer cheap, globally speaking, you might even say its expensive. So, what next for the Worlds Factory? Sponsored by Nebula, the platform created, owned, and loved by creators. Sign up for exclusive, early, and bonus content and to support PolyMatter directly. This is what two decades of cheap T-Shirts, TVs, and toys looks like. This is Walmart and Amazon and the Dollar Store. On the left are people. You know ab