Suppose you are the CEO of a firm that manufactures surgical equipment. You have a production plant in Alabama where you employ highly skilled labor. Your firm is considering moving its production facilities from Alabama to Guangzhou in China in an attempt to lower labor costs. When you compare wages in China and in the United States, you notice that the average wage in China is significantly lower than the average American wage. What factors other than wages should you consider when you decide whether or not to move production to China? Explain.