Now it's happening to the Chinese....they outsource work to Vietnam and other small developing countries.
Until fuel becomes expensive again, shipping raw materials and products back and forth is cheaper than local labor. That probably won't change until the dollar reaches it's true value against other currencies.

So my C'dale street bought last year ought to appreciate in value, and for me that is a happy thing. My LBS said I got the last XL/S left and there were no more tandems being made by C'dale. It is the only bike out of my stable of 12 purchased new, the rest are Italian, Canadian, or US made bought used, mostly steel. I call them my "Precious Metals" investments. LOL

Performance/Supergo is the Walmart of the bicycle world, and contributes significantly to the the demise of the local bike shop. I avoid shopping at either, prefering to support my LBS.

Give your neighborhood shop some love today.

Cheers,

Kevin