How'd you come up with that from what I wrote? Haha
The exodus, per se, of China was already happening in manufacturing. Their labor costs have risen steadily, but many were unwilling to adopt continuous improvement to combat overall increase in costs to their customers. This may not be true everywhere, but I saw it first hand. I spent a total of 3 weeks in 2015/16 working with suppliers to improve processes. At the end there was a "thanks but no thanks" and a "gift" of a price reduction worth a fraction of what we identified.
It's sad that we, as a nation, have to hit rock bottom so-to-speak for folks to wake up to this. I certainly don't want to have to ever dip into our Emergency Fund, but it will be there if we do.
This biggly. How many parents are picking up their kids from colleges as we speak to have them complete most of a semester at home? Somehow when necessary, my kid can get a college degree online. Why am I dropping 150-200K, for the life experience? I think it will open the door so that anyone will be able to get a 4 year degree with limited campus attendance. I looked at a dual masters program a few years ago where you had 18 months of classes, with 3 weeks on 2 different campuses, and the rest at home or at your place of work. Wondered then how long it would be before a for profit college would aggressively adopt the model. I bet you see it this fall, and it takes student debt to negligible costs for those who choose that option. I know there are a few online colleges, but this will force it to go mainstream.
wow this is really spot on!
