The one thing I always find so "stupid" is that consumers keep buying these highly over priced products that

put insane profits into the hands of the owners of those companies when they know that they are made for only

a small amount of what they sell for.

As an example, in 2014, Nike reported $28.50 as the general cost to manufacture one pair of sneakers and

ship them to the United States. Nike's cost breakdown includes approximately $27.50 per pair for Chinese

factory labor and overhead costs, plus $1 in shipping.

So when buying a $100,$200 or $300 pair of sneakers they have huge profit margins and consumers are

dumb enough to pay those prices because they get "conned" into buying them.

Now they are looking at shifing as China is starting to raise prices so they are looking at cheaper countryies such

as Vietnam, Indonesia, or Thailand and using more robots.