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It's amazing that a "waste shipping industry" between parties on opposite sides of the planet can exist at all. I guess it's possible because "developed nation
by superquest 9y ago
It's amazing that a "waste shipping industry" between parties on opposite sides of the planet can exist at all.
I guess it's possible because "developed nations" send back empty container ships which might as well be turned into dump trucks?
- mistermann 9y agoThe sheer size and capability of China (hundreds of millions of people willing to work extremely hard in exchange for little money) has allowed a wide variety of things to happen in the world that otherwise simply wouldn't be possible. Their deciding that they no longer are willing to participate in things like this can be a massive (in a time frame and to a degree that a lot of people will be utterly confused and scratching their heads "but how can this be, it doesn't make any sense!!!???") game changer.
- JoeAltmaier 9y agoI'm not sure its the 'game changer' they wanted. Labor rates going up in China means, more automation in the US. Its not a matter of them-vs-us jobs; its a matter of cheap labor vs automation. And the smart money is on automation today, since its growing explosively in manufacturing and warehousing.
- sliverstorm 9y agoThat's exactly it, the trade imbalance means empty ships going back to China, ergo freight to China is supposedly very cheap.