> Your efficiency would drop considerably if you moved to a 3rd world country an... | Hacker News

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hgsgm on March 19, 2023 | parent | context | favorite | on: The Baumol effect

> Your efficiency would drop considerably if you moved to a 3rd world country and vice versa.

Then why is clothing 10x more expensive to produce in USA vs Bangladesh?

Why are iPhones made in China and India?

pydry on March 19, 2023 [–]

Because labor is cheaper in Bangladesh. Yours would be cheaper too if you moved there.

physPop on March 19, 2023 | [–]

Yes but your argument was efficiency.

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