Take this example (again from ): "Foxconn, the Taiwanese firm that makes iPhones and has more than a million employees in China, says that it wants robots to complete 70% of its assembly-line work within three years. Many companies in other industries are building new factories farther inside the country in order to tap this cheaper labor pool.Ĭheaper labor will become less of an issue in the future as the use of robotics increases in manufacturing. There are still many regions of China that haven't been tapped for manufacturing jobs yet. This allows countries like Indonesia come into play because they can provide cheaper labor.īut, don't count China out of the picture completely for a while. Since 2001, hourly manufacturing wages in China have risen by an average of 12% a year (according to ) Now, China is experiencing the same cost of living increases that Japan went through. After a while, it wasn't so cheap to have a guitar made in Japan anymore.Ĭhina took that spot over. Workers wages went up because food, housing & taxes all went up as well. I bought a Squier Affinity Strat last Dec. Usually the S in ICS designates a Factory Special Run or FSR guitar manufactured by Cor-Tek in Indonesia. In 2009-10 some Indonesian Squier's had the prefix ICS09XXXXX and ICS10XXXXX. As the Japanese manufacturing sector grew, so did the cost of living. ICS (Crafted in Indonesia) The first 2 numbers following the prefix is the year. Just look at how much cheap stuff used to come from Japan back in the 60's & 70's.
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