How can the Chinese produce in America cheaper than Americans producing in America?
Wow. What a crock-o-poo. Glad jobs are MAYBE coming back, but why can’t American companies figure this crap out?
No mention of the thieving garment workers’ unions that drove costs through the roof and forced manufacturers to go overseas to begin with.
Here’s the “money” statement” in the article:
“As China’s economy has developed, wages have risen, and so have the costs of land, energy and other raw materials.”
Plus, our relative energy costs have plummeted and producing in the US gives companies access to free trade with Mexico and Canada through NAFTA.
Many American textile firms were destroyed by so-called free trade, and now the Chinese companies that largely destroyed those firms are moving the highly automated yarn mills back to the US since other factors make it about as cheap to produce in the US.
But the labor intensive sewing factories are staying in even cheaper labor nations than China: Vietnam, Cambodia, Laos, Bangladesh, Pakistan, etc.
As far as I know, there’s still a College of Textiles at NC State—Going strong after 110+ years.
Really??? American wages have been stagnant for the last decade...I wouldn't put much stock in any of this article...
I live in a small town in the South. When we moved here 17 years ago the mills were open and the town had a good employment status. The mills have since closed and been razed and unemployment is astronomical. Mills were not our only industry, the town was home to many other manufacturing companies, all but one now gone. Unemployment is astronomical.