In Central/Eastern Europe, the problem is increasingly one of demographics. You can sometimes find somewhat cheap labour due to shitty (geo)politics, stagnant economies and poorly trained workers, but big-picture-like, the age of labour abundance is over. These economies have nowhere to go but down, down, down, starved of talent due to the twin cancers of bad demographics and emigration. Some countries are better, some worse, but the overall trend is the same all over the region. Going gentle into that good night.(China's predicament is not much better, with the added wrinkle that there's absolutely nothing whatsoever they can do about bad demographics due to their size, whereas Central/Eastern Europe can import people once we collectively get over ourselves and let go of uppity xenophobia).
joe_mamba|4 days ago
There IS labour over abundance. Unemployment in most EU countries is at record highs. And it shows no sign of slowing down.
The problem is it's mostly white collar labor overabundance. And those college educated people aren't gonna want to make sneakers in sweatshops.
kspacewalk2|4 days ago
There's not going to be any point even having sweatshops or factories in this region soon. Why bother? If it's anything low or medium-skill and low or medium-capital intense, just open up shop in... Well, why not Uzbekistan? And if double-landlocked isn't your thing, there's dozens of other options.
baybal2|5 days ago
[deleted]