Upward wage and cost pressures will continue and continue to drive manufacturing away from this country.
Nothing short of a miracle will stop it.
Nothing.
Its not a matter of manufacturers who can't compete. These manufacturers run highly productive plants. Once the process gets tightened down, the CEO justs lifts the plant up and moves it to China in order to get the gov't provided cheap labor ON TOP of the modern manufacturing process.
The next step is for the CEO to demand that all of his suppliers do the same in order to submit a contract to that company.
These CEOs want to earn revenues in the first world and get western legal protections, but the also want one leg in the world of govt mandated slave labor.
We should make it a point to do business only with companies that support the communities from which they earn revenues.