Can you make mulch with cheap asian labor?

My local walmart sells 2 cu. ft. of cypress mulch for $1.66. 1 cubic yard is 27 cu. ft., so 1 cubic yard of this is $22.41

The cheapest bulk mulch from a local supplier is $26/cu yard, and that's pallet mulch, which is usually riddled with nails and screws and generally sucky. The next best is cedar which sells for almost twice this wal-mart price.