Monday, November 14, 2011
Will industrial jobs come back to Philadelphia?
The funny thing is, they may.
Once you stop to think about it, Philadelphia is still a city that can make things. Industrial land and buildings are cheap, companies are moving back into the city, and we still have a great shipping port.
The problem is that labor in China is just sooo much cheaper, and businesses are always focused on the bottom line.
Even though this is the case, Philadelphia's older and less developed neighborhoods have a cheap cost of living (e.g. house costs, property taxes, walkable neighborhoods, etc). If the city could find a way to create manufacturing jobs again, put people back to work, and keep costs down for businesses, these types of jobs could thrive again.