Due to our age, we ended up selling the business to a local manufacturer of similar products who went out of business two years after the sale. It is hard to be a manufacturer in the US today and show a decent, but necessay, profit that ensures continued investment in the business and produces a fair return to the owners. of vendors including Docusign, Dotloop, Lone Wolf (formerly known as ZipLogix) and Skyslope. Timed Ticketing allows our guests to purchase tickets online for entry to Meow Wolf for a specific hour of the day. The Chinese were aware even back then that regulatory compliance costs in the US were high. CT REALTORS can access 70+ CTR forms through zipLogix. Besides the typical pitch to use cheaper labor, they also pitched lower regulatory costs. Earlier in my career in the mid -80's while working for another company, I traveled to China at the invitation of the Chinese government to investigate the possibility of moving manufacturing operations there. Younger candidates tended to be not as motivated to work hard and more likely to fall back on a life of dependency on a welfare system that seemed geared to long-term dependency versus a short term 'helping hand'.įederal/state regulations increased operating costs and required investment in "mickey mouse" safety equipment that really did not add to safety - it just slowed down an experienced operator. Younger replacement candidates were generally not as well educated and certainly less skillful. Our very skilled employees were older (=more productive but less healthy => higher healthcare costs).
Having been a part-owner, working partner in a small manufacturing business, I can say it has become harder and harder to stay in business in this country.
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