OPINION: When Western companies moved manufacturing to China, it was all about minimizing costs. China was a developing country with labor costs among the lowest in the world. It also offered massive subsidies and readily turned a blind eye to labor abuse and environmental degradation. Today, China is the world’s second-largest economy and has ambitions of […]
Not many businesses would impose a price hike of 10 percent on their best-known product while cutting prices 29 percent on a similar but less-popular product. But the U.S. Postal Service is doing just that.