Remember all those Alabama jobs that got shipped overseas where labor was cheap, safety regulations were non-existant and environmental protections were nil? Well, there's great news on the job front. Workers in China and other cheap labor countries are organizing (unions raise wages and standards of living for everyone, even non-members) and their governments are increasing environmental and worker protections.
You know what that means ... industrialists need to find new places to put their sweatshops. As Julie pointed out in a quick hit a couple of days ago, they're looking to come back to the USA. Specifically, back to certain states where labor is cheap and protections are few.
They're predicting that within five years certain Southern U.S. states will be among the cheapest manufacturing locations in the developed world -- and competitive with China.
For years advisers like the Boston Consulting Group got paid big bucks to tell their clients to produce in China. Now, they say, rising wages there, fueled by worker unrest, and low wages in Mississippi, Alabama, and South Carolina mean that soon it won't be worth the hassle of locating overseas.
Welcome to the bottom. Don't expect good wages when you get there.
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