Lol, I guess when a US firm can export jobs to labor that is less than 10%, or even 5% of what was being paid in the US, then that can be defined as cheap labor, very cheap labor. And those reductions were realized in China for years, and can be realized in Vietnam and Cambodia and other poor nations.
The working conditions in China's state owned industries definitely qualify as lax regulations.
But this is a waste of time and you seem to know next to nothing about international labor conditions, so why are you even wasting time in this thread?
No interest in continuing this pointless exchange. And you should ask others on here about lax regulation. Many believe that unreasonable regulation in the US is the main, if not the only reason jobs are exported.
These Wiki figures look pretty accurate:
I mean specifically what is cheap labor? You were a controller for companies with employees, no?
At what price point was it worth it to go outside the country for labor?