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A harrowing idea that I think is correct is what Michael Hudson says about our current economy. Even if you paid for everything other than rent for a low skill
by thisgoesnowhere 4y ago
A harrowing idea that I think is correct is what Michael Hudson says about our current economy.
Even if you paid for everything other than rent for a low skill worker, America and Canada are priced out of manufacturing based on rent/housing alone.
This is a huge reason why low skill labour can't come back.
- miki_tyler 4y agoHiring an employee is marrying their landlord. Jokes aside, highly automated manufacturing does not have this issue.
- petesergeant 4y ago> America and Canada are priced out of manufacturing based on rent/housing alone Which is ridiculous given how much space they have
- joenot443 4y agoIt’s never been about the space, for 40 years it’s always been about zoning and compliance. Environmental assessments costs multiple times what they did a few decades ago in ON, this is a problem we created ourselves.
- nostromo 4y agoThere are several states in the US where rents are cheaper than in Shenzhen.
- user_named 4y agoGarments aren't manufactured in Shenzhen.