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).

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joe_mamba an hour ago | parent | next [-]

>the age of labour abundance is over.

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 24 minutes ago \| parent [-]
		The number of kids born in 2025 in Uzbekistan (population 38 million) is about the same as the number of kids born in 2025 in Lithuania, Latvia, Estonia, Belarus, Ukraine, Moldova, Romania, Croatia, Slovenia, Hungary, Czechia, Slovakia and Poland, combined (total population 131 million). The age of labour abundance IS OVER, we're witnessing its very last days in EE. Unemployment may remain due to terrible politics and economic mismanagement. 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.

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baybal2 2 hours ago | parent | prev [-]

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