I'm surprised by how manual the whole process is. I think labour is so expensive in the west that any manufacturing of small low value items is incredibly highly automated (see youtube for lots of videos of how huge automated production lines work). There's no way you could employ someone to manually bond 80 LEDs a minute in the west and still have a competitive product.
I'm not so sure. Let's assume you're paying someone $15/hour and she actually costs you $25/hour. Assuming a 10 minute break every hour (that's gotta be tiring work and you want to hold onto your employees), then that's 2500/(80 * 50) = 0.625 cents of labor cost per LED. I don't know what all the other costs are, but that one operation seems surprisingly cheap.
That would mean the manufacturer would be spending half the cost of the finished product on a single step of the manufacturing process. I'd be surprised if that's economically viable.