4 ms·
Textile manufacturing is basically just a derivative of electricity and labor costs. There isn't much more too it, and per sq meter, it's extremely cheap to shi
by missedthecue 1y ago
Textile manufacturing is basically just a derivative of electricity and labor costs. There isn't much more too it, and per sq meter, it's extremely cheap to ship product around the world.
Textile mills in Bangladesh are able to pay $0.025 US cents per kwh, and factory laborers can be employed for about $150 a month. From their main port to the US west coast, when sent by container ship, costs about $0.10 per sq m. There is no universe where anyone else can compete. It's not within America's comparative advantage anymore.