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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: Cogito Ergo Sum who wrote (73327)	4/19/2011 3:27:30 PM
From: elmatador	Read Replies (1) of 218916

Ikea opened a plant in the US. No, the decision wasn't made to take advantage of superior productivity. Instead, it was made to exploit our decreasing wage levels. Though company factories in Sweden produce the same bookcases as the plant in Virginia, the Times notes that "the big difference is that the Europeans enjoy a minimum wage of about $19 an hour and a government-mandated five weeks of paid vacation (while) full-time employees in Danville start at $8 an hour with 12 vacation days." That's what companies are doing by leaving China for the even lower wage nations. And that's what Ikea did in moving Swedish production facilities to Virginia. When even the seemingly benevolent holdouts like Ikea join that competition, it's a sign that workers in all countries need something different than simply more "free" trade. Ikea joins the race to the bottom sfgate.com No one is out of the race...

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