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re: So the tariffs have been executed, but not on goods in transit?
Posted on 5/10/19 at 10:25 am to More&Les
Posted on 5/10/19 at 10:25 am to More&Les
quote:
As a business that imports goods from China let me tell you, they needed us more than we need them and a lot of China industry is already gone or going away,
I keep hearing and reading that Chinese Labor costs have skyrocketed over the last decade. Whats your take on that?
Also, about a lot of Chinese industry leaving, I hear the "smart money" is already out of China. Mostly because a lot of them see the shite hitting the fan and that the Communists will seize all "private" industry leaving those taking all the risks twisting in the wind with little recourse. Would love to read your opinion on that as well!
1
Posted on 5/10/19 at 10:35 am to UnitedFruitCompany
quote:
I keep hearing and reading that Chinese Labor costs have skyrocketed over the last decade. Whats your take on that?
Yes. They are demanding better wages.
I know the model train industry a bit (yes it is a thing) and costs/prices have been going up quickly. A high end plastic diesel locomotive can retail for over $400. 100% made in China.
Model steam locomotives are hitting $600+ retail.
There is talk of moving production out of China, however finding a workforce to assemble them is supposedly the sticking point. I don't think it will be much of a problem really as it's just assembly. Albiet pretty small delicate parts. Retaining workers is more of a problem due to the tedious work.
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