I can see a place in this country for the revival of mid to high end furniture making,
Is this something that your looking for government policy to support, or just something where you think there is a business opportunity?
Labor costs are raising overseas so the gap of 20 years ago is lessening.
That's largely true. Developing countries are catching up.
As for the undeveloped, that aren't catching up, sure labor is dirt cheap there, but they don't have the infrastructure, skilled workforce, etc. Your not going to see a flood of American workers losing their job because of competition from Malawi, Burundi, the Central African Republic, South Sudan, Yemen, Haiti, Afghanistan. North Korea (even if sanctions are lifted, Nepal, and Kiribati any time soon.
Places with infrastructure, at least semi-decent education, and productive workers can compete, but to the extent they succeed they bring up their wages and eventually buy more from the rest of the world. |
