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E82: All-In Summit: Claire Cormier Thielke on China + Q&A with Flexport's Ryan Petersen
All-In with Chamath, Jason, Sacks & Friedberg
China's Biggest Challenge
There's some really interesting trens going around around labor costs in china. The reason people went there, or the last forty years, behonest, was like, cheap laborand but overtime theyba quite sophisticated. Two years ago, mexico became cheaper than china in labor cost o by yout shift. And people will respond to that trend. As long as it takes a hundred and 20 days to ship stuff from china to the us, brands are going to respond to shipping closer to home.
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