Posted on 08/05/2015 3:03:42 PM PDT by Lorianne
Once the epitome of cheap mass manufacturing, textile producers from formerly low-cost nations are starting to set up shop in America. It is part of a blurring of once seemingly clear-cut boundaries between high- and low-cost manufacturing nations that few would have predicted a decade ago.
Textile production in China is becoming increasingly unprofitable after years of rising wages, higher energy bills and mounting logistical costs, as well as new government quotas on the import of cotton.
At the same time, manufacturing costs in the United States are becoming more competitive. In Lancaster County, where Indian Land is located, Keer has found residents desperate for work, even at depressed wages, as well as access to cheap and abundant land and energy and heavily subsidized cotton.
Politicians, from the county to the state to the federal government, have raced to ply Keer with grants and tax breaks to bring back manufacturing jobs once thought to be lost forever.
The prospect of a sweeping Pacific trade agreement that is led by the United States, and excludes China, is also driving Chinese yarn companies to gain a foothold here, lest they be shut out of the lucrative American market.
"Everybody believed that China would always be cheaper," said Harold L. Sirkin, a senior partner at Boston Consulting. "But things are changing even faster than anyone imagined."
(Excerpt) Read more at cnbc.com ...
"I never thought the Chinese would be the ones bringing textile jobs back," said Keith Tunnell, president of the Lancaster County Economic Development, who helped put together subsidies for Keer estimated at about $20 million, including infrastructure grants, revenue bonds and tax credits.
What do they pay the workers?
[I never thought the Chinese would be the ones bringing textile jobs back]
They never should have left in the first place. The difference? The Chinese own the textile mills, not Americans.
Fish Heads and Rice.
Confucius say corporate welfare and crony capitalism are good?
: )
Yup. The race to the bottom, with Americans as the losers.
Bow Down to your foreign masters.
Thanks a lot, Free Traitors.
It’s a great opportunity to be a communist slave under a global firm. Will yet another variant of Mandarin be spoken, perhaps with a southern accent?
F -ing Free traitors need to be round up and tarred and feathered.
Yes
I bet they’re even hiring illegals.
How ironic illegal Mexicans working in a Chinese owned factory in Amish country. What a f-ed up world Free Traitors have created.
It will be discovered shortly that the idea is to build “Company Towns” populated by Chinese workers. This is what China is doing in Africa.
Correct. China has purchased vast numbers of empty lots and abandoned houses and manufacturing plants in Detroit.
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