When the Chinese start exporting the .50 an hour jobs to this country, and their standard of living starts to surpass ours, we will have really reaped the benefits of "free market" economics. And the heads of the multi-national corporations won't care because the 1 percent will still be doing fine.
a lot of nonsense in this post. Here are some facts and things to consider:- now, the wages are mostly going up in China. Cheap labour is moving to other Asian countries to some extent.
- the rich Chinese people desire western luxury products (e.g. Louis Vuitton, Audi..). This will of course keep western jobs in those companies for those who managed to get a relevant university education.
- a lot of businesses all over the world, also in Europe and the US, see exponential growth rates if they are able to be first movers on an emerging business segment. This is also true for some small companies.
- Creative thinking and branding can go a long way. I think the owner of the clothes company Diamond would agree as he cruises around in his Ferrari.:
