Welcome to the global economy. Just looked at a nicely designed, quarter sawn white oak, Craftsman style, extra wide, rocking chair, that someone wanted me to finish for them. They paid $350 for the damn thing, unfinished, and the slats for the back and seat are stapled in, and not nicely at that.
I can readily believe some one could build it that way, but I find it hard to believe someone would eagerly buy it at that price. They reckoned they didn't have a choice. I started to say something to the contrary, but got to thinking ... I certainly could not make it and sell it at that price, so maybe they really don't have a choice anymore
It is not too farfetched to conjecture that someone could have bought the wood over here, shipped it overseas, milled it and built the chair, shipped it back, and could still sell it cheaper than I could buy the wood and do it right.