Though: I believe what we perceive as a glut in manufacturing capacity on the other side of the Pacific may actually be a product of innovations in factory management. You have to understand that the supply chain there is actually more discrete than we think; factory-owners may license and produce a certain product for foreign consumption like Brooks Brothers ties, but they also lease out the factory at night to cheap Chinese competitors; factory owners thus diversify their revenue stream and increase profits at the same time that demand for labor increases due to the night hours, thus putting upward pressure on wages.

So: good for you, good for manufacturers, good for cheap Chinese competitors, and maybe even good for Brooks Brothers–after all, they’re the ones selling 10 cent ties for $60.