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Clothing manufacture is really only bottlenecked by labor. It’s one of the areas where if someone puts up the capital, and the factory is located in a city with
by ipnon 3y ago
Clothing manufacture is really only bottlenecked by labor. It’s one of the areas where if someone puts up the capital, and the factory is located in a city with low-cost labor, a profit will be turned. It’s a great example of what economists call “comparative advantage.”
You can see clearly that the categories with the most inflation are those that can’t be traded: housing, education, medical care are all dependent on American regulatory cartels.
- culi 3y agoSure, but alternatively you could just as easily say, "you can see clearly that all the categories that are regulated are those with nearly vertical demand curves: housing, education, medical care are all easy to exploit by corporate cartels without regulation"
- ipnon 3y agoMy friend, you are clearly the more skilled economist between us.