'As long as the job market stays strong, companies will keep paying up to make their workspaces more attractive and entice the workers they need,' Jim Cramer says.
Compared with other business expenditures, "fancy office furniture is tied much more, much more, tightly to the labor market," Cramer explained.
"In fact, in a perverse way, the tariffs might be helping, because they're contributing to the worldwide slowdown that's driving down commodity prices, giving Herman Miller and Steelcase lower raw costs," Cramer said. "In a market that's increasingly wary of high-flying stocks with nosebleed valuations, these two value plays could be just what the doctor ordered," Cramer said. "This is the opposite of Peloton. This is the opposite of Smile Direct [Club]."
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