Sunday, September 21, 2008

3 Factories Left

The Saipan Tribune reports that there are only 3 garment factories left on Saipan, down from a high of 34. I wonder when the remaining three will close?

3 comments:

Lil' Hammerhead said...

good riddance

Bruce A. Bateman said...

Typical response from the peanut gallery. As the economy here implodes for lack of a viable industry to generate capital, the knucklehead is happy to see it go.

As shipping costs both into and out of the CNMI skyrocket because there are no volume shipments to ameliorate container shipment costs, the knucklehead is happy to watch the price of everything we buy increase dramatically. Yet his heart just bleeds for those poor souls on an hourly wage because they can’t afford the increases.

Speaking of hourly wage earners, I'm sure the 20 or so thousand garment workers now back in their own countries making $1.20 a day are happy not to be here being abused by being forced to accept 3.05 an hour ($24 a day) for the same work.

Give it a rest.

*****

Now that we are a one legged economy (tourism), we need to help increase that leg's volume as much as we can...while being on the lookout for a new economic leg to balance and stand on. First things first…increase what we have.

Lil' Hammerhead said...

Happy to see that mess go by the wayside.. certainly. Once again.. good riddance.