With multinationals like nike capable of moving production from one cheap source to another — shifting production from Japan to China and now to Vietnam — and with uber-efficient importers like Costco, Walmart and Amazon bringing goods straight from factory to consumer, the United States has become the bargain basement of the world.
The end of January marks the Chinese New Year as well as the elevation of a volatile, capricious new leader to the highest office on the planet. Had we been more attuned to the finer points of Chinese astrology, we would have predicted the election-year peculiarities that produced this result.
A look ahead at the news business, the Seattle waterfront and transportation.
It’s easy to be pessimistic about the outlook for 2017. After 90 months of growth, the economic expansion is aging and may not have much life left.
When Seattle passed a paid-sick-leave law mandating a set number of paid days for sick leave, local businessman David Lee accepted it. But the results have been disappointing. The city's $15 minimum-wage mandate was another challenge.
People like to rave about companies that have pool tables in their lounges, free massages at employees’ desks and Friday afternoon happy hours at favorite watering holes. But seldom will such perks make us passionate about the companies we work for.
Without more middle-income jobs, Seattle faces a tough climb.