Yesterday afternoon I met a distant relative who works in a manufacturing factory. His business has been running for more than ten years. But now he says he's in a tight spot from two directions.
On one hand, clients keep pressuring prices. Fortunately, the profit margins are getting thinner.
On the other hand, labor costs keep increasing, while finding truly skilled workers is getting harder.
After two glasses of drinks, he casually remarked half-jokingly, half-seriously.
“They say if you play crypto you can make money quickly. What if I pawn my factory and join in that?”