Yes, it's all about fast turnaround without pain.

Manufacturers in china just do it fast, and avoid all the pains, they actually care about customer experience above all, something we have to learn from ourselves obviously!

As I said in another comment, I fully expect things to change for the better: Some manufacturers will go out of business, but yet others will turn around in time.

All these people that were laid off will find jobs again, revitalizing moribund companies. Some will create their own companies, I view myself as part of this group.