At its peak, America’s apparel factories employed 1.4 million people. Today, that number has dwindled to 93,800 Americans, as a decades-long flood of cheap foreign imports continues to rage. Meanwhile, China alone has gained approximately 1.25 million jobs and Chinese apparel imports to the U.S. have swelled to $30 billion annually.
But the answer to this challenge is not to try to beat China on pricing.
