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If You Only Read One Article About The Footwear Industry Today

This would be it. The shoe biz is cool, though it's always been the bete noir of those who complain about the "race to the bottom", when it comes to labor:

Jim Issler, president and CEO of H.H. Brown, said the footwear industry is entering a new era, where cheaper labor will no longer be an alternative to raising wholesale prices. “It’s definitely a turning point in our industry and it’s not going to be solved easily,” he said. “We chased labor around the world. Now, we’re at the end of the maze and there is nowhere else to go.”

via Evolving Excellence

 

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  • The Stalwart is a blog written by Joseph Weisenthal, covering such topics as stocks, business, economics, politics, technology, gambling, chess, poker, economics, current events, music, math, Chinese food, science, randomness, kurtosis, sports, evolutionary fitness, and anything else of the author's choosing. The words contained herein are the author's own, not affiliated with any other firm or employer.

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