https://www.wsj.com/articles/asia-factories-consumer-goods-labor-prices-7140ab98?st=hc77q70rkhewfb9&reflink=desktopwebshare_permalink
Fast fashion (throwaway clothes at low, low prices) has been made possible due to cheap labor in countries like China, Vietnam, Bangladesh and the like. However, operations in these regions are now reckoning with increasingly tight labor markets, as labor pools of young people shrink, people increasingly are unwilling to work in factories, and care work taking care of elderly is often a better paid prospect. Moving to lower-wage countries/regions is not always possible, as many countries (such as those in Sub-Saharan Africa) are not sufficiently stable or lack the right infrastructure, and running operations in rural areas is tricky due to distances from ports and similar facilities.
“There’s nowhere left on the planet that’s going to be able to give you what you want,” said Paul Norriss, the British co-founder of the Vietnam garment factory, UnAvailable, based in Ho Chi Minh City. “People are going to have to change their consumer habits, and so are brands.”
Perhaps we will see a shift back towards investing in fewer and better clothes, especially given the rise of the second-hand market (Vinted etc.) which may act as an incentive to buy decent clothes that have resale value.