If you want a piece of furniture that’s not as expensive as an Ikea bed, you can buy it online for less than $200.
It’s not the latest furniture crake, though, as American freight has been in a steep decline in recent years.
According to the Bureau of Labor Statistics, the furniture business in the United States grew at an annual rate of 4.3 percent between 2014 and 2020.
American freight, which comprises about a third of all furniture sales, is down about 30 percent since 2009.
American companies that are manufacturing furniture are losing more than half of their revenue in the last two years, according to a recent report by the Economic Policy Institute.
“They’ve lost a lot of their value,” said Matt Gaudin, an economist with the American Federation of Independent Business.
The furniture business is in a slump because American companies are outsourcing more work to foreign workers.
American workers aren’t willing to pay higher prices for furniture because of the trade deficit, which means American companies can’t compete against foreign firms that use cheap labor, according the BLS.
“American workers are paying higher prices to make products for American companies than they’re paying to make those products for foreign countries,” Gaudon said.
Some Americans are starting to take advantage of the cheap labor market.
In January, a company called Ikea said it would offer cheaper furniture in some of its stores than competitors.
Ikea plans to offer its own furniture in about 1,000 of its U.S. stores by 2020.
But Ikea will sell most of its furniture in foreign countries like Japan and India.
That makes its prices significantly lower than those of other American companies.
The Ikea news prompted some consumers to ask how they could get a cheaper Ikea product if they were going to use their credit cards at stores like Walmart.
Ikeas sales at its stores in the U.K. rose from $4.4 billion in 2014 to $5.2 billion last year, according a report from the Bournemouth University Center for Consumer Economics.
That’s because Ikea offers some products at cheaper prices in countries where its customers are cheaper.
“I think the way it is now, you have to buy Ikea at a very low price and they will charge you higher,” said Karen Davenport, an Ikeas associate vice president for global commerce.
“If you buy from an Ikeastorrent, they will sell you a lower price.
They don’t really have the same marketing capabilities that we have.”
Ikea is still a big part of the American furniture business, with more than 40 percent of all American furniture sales.
But in some ways, American furniture is still being driven by foreign demand.
American furniture companies have been moving production overseas for years, making the furniture that they make here at home harder to compete with.
The U.N. has said that the U-shape furniture that American companies make is more durable than imported products.
But even though U-shaped furniture is a big deal, Americans have become used to the trend of furniture being manufactured in China and other developing nations, which have lower labor costs.
IkeAuctions, the online auction house that sells American furniture, has been increasing its bidding wars to compete in China’s marketplace, according one of its chief executive officers, Joe DiMaggio.
In the past few months, Ikea has raised prices in several markets, including New York, Chicago, Philadelphia and Las Vegas, all in order to make sure it is competitive with other buyers.
DiMagio said Ikea may be taking advantage of China’s labor shortage because China is a buyer of cheap American goods.
“We are really not competing against anybody,” he said.
The biggest impact of the Ikea furniture slump is on furniture stores.
American-made furniture stores are a $6.5 billion business in New York alone, according Topps, a data provider.
That means American-owned stores are suffering because they’re losing money on the inventory they need to stay open.
Ikeleas stock fell about 2.4 percent to $32.75 on Wednesday.
Ikehouse, the company that makes Ikea’s U-series furniture, is still down about 3 percent since it started selling American-produced furniture in late October.
Ikehouses stock fell almost 2 percent on Wednesday, to $22.75.
“It’s a loss for the business and it’s a major loss for consumers, who are the ones who buy the furniture,” Goudin said.