There is a problem if Squiers stand up to MIA guitars in quality. But regardless, they do.
How so? I hope you're not making that blanket statement based on the video you posted, because that's clearly not what is said.
First, the Fenders that Ed tested were a 1988 Fender Japan P, a CS '64 Jazz and a '51 RI, built in Japan. None of these are current MIA Fender models, so I'm not sure how you make the leap in logic that these basses are somehow representative of the new crop of MIAs...especially since two of them were built in Japan, and one of them is over 20 years old.
Also, I've watched that video a number of times, and I don't see any instance of Ed making a comparison of quality between Squier and Fender. He simply plays the basses back to back. Did the Squiers sound good? They sure did. But were they as nice to play as the Fenders? Was the build quality the same? Was the hardware comparable? Did the CV Jazz neck feel as good as the one on the '64 CS? Well, I don't know, because Ed never addresses that, and IMO there's not enough information given in the video to even begin to make that judgement call.
I understand that you may feel certain Squiers are built just as well as any MIM or MIA that you've played. That's definitely your opinion, and that in itself is fine. I think it is misleading, however, to take that opinion and make broad generalizations about the quality of an entire instrument line, and then post it as fact.
