25 Jun
Globalization, in Reverse
Will the rising oil price bring work back to us? It seems so.
Cheap labor in China doesn’t help you when you gotta pay so much to bring the goods over … Distance costs money, and when you have to shift iron ore from Brazil to China and then ship it back to Pittsburgh, Pittsburgh is looking pretty good at 40 bucks an hour.
At least one positive effect of the current situation. And even the climate will be a winner by not shipping every bit around the world but transporting it only within country borders.