Quality of Chinese cars -- you can find videos of their crash tests on YouTube.
Or another, price.
Why *do* Nikes still cost > $100/pair?
The costs are already lowered -- surely a competitor can come in and undercut them by lowering their price per pair for the consumer, sacrificing per unit profit for market share and higher OVERALL profit.
Cheers!
“Why *do* Nikes still cost > $100/pair?”
Because there is sufficient demand that will pay that amount.
Ya know. The purpose of a corporation is to increase the wealth of its shareholders. that’s all. If by doing good deeds, that’s the most efficient way to create wealth, then by golly do good deeds.
That doesn’t mean a corporation can act outside the law. It means that it should do what is necessary to compete. If that means outsourcing, then so be it.
What it doesn’t mean is that it has some sort of obligation to act inefficiently in order to pacify some union, for example.