If I may rephrase, the product may still be very good, but not $400 good.
People are willing to spend the money when they know they are made in the USA, by Americans (in theory), who have families, and are proud of what they do.
When the scope is put on China, or Taiwan, and these workers make $2/week, and don't care about the product being manufactured, why still, are the wrenches the same high price?
It's a question of morals, pride, and to quote Billy Madison, "Business Ethics"
I think you should do some more research. Hourly rates and pay scales as well as working conditions in Taiwan are far far above that of China. They manufacture some of the best products out of Asia. Not saying that a $400 double box wrench set from Taiwan is a good thing, but they're far from Chinese level working conditions.
I also wouldn't say just because someone is Chinese or Taiwanese they don't bring a sense of pride with them to work. That's just as false as saying all Americans have pride and produce high quality goods. We can certainly produce some seriously low quality products here.
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