Did you see the 60 Minutes segment last Sunday? I could not help but think how much cheap China kitsch is clogging the chain. Sink it. Make it here. Oh well. Times are changing, and Epstein . . . .
“Did you see the 60 Minutes segment last Sunday? I could not help but think how much cheap China kitsch is clogging the chain. Sink it. Make it here. Oh well. Times are changing, and Epstein . . . .”
I missed the 60 minutes segment but I’m telling you the “China delusion” is eroding as we speak.
The immediate problem for domestic manufacturers is capacity and labor. Both got whittled down during the free trade rage from 1970-2016.
This isn’t changing overnight, so expect a lot of disruption and volatility over the next couple of years.
However, eventually America Labor and Capital will reach an equilibrium and we should see solid growth and productivity, by the last 3 years of the decade.
Right now, the customer might always be right but thats not going to help them receive merchandise.