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From Concept to Consumer: How to Turn Ideas Into Money by Phil Baker

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Appendix C China—Helpful or Harmful?

Considering the impact that China has on our lives and country there is a huge misunderstanding when it comes to manufacturing there. A common belief is that China is taking away our jobs because they use underpaid labor to make poor quality goods.

There’s no question that many of our jobs have moved to China. In fact, entire factories have relocated. And there’s no doubt that it’s resulted in a serious hardship for many, particularly those working in lower level manufacturing jobs. But China’s manufacturing capabilities have also had a positive impact on domestic companies.

Each of the activities required to take an idea and bring it to market, as described in the pages of this book, adds value to the process ...

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