Quote:
Originally Posted by dyna mo
the whole who's got the cheapest labor thing will be a moot point going forward. wages in china are going up, businesses in u.s. are utilizing labor at home more, fuel (transportation) prices are going up as well.
china is tied to the rest of the world, they are not an exception nor do they stand alone.
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yep, wages are going up alright.
for example in building the new san francisco bridge in china
the workers fought for and got a raise....from 9 dollars a day to 12 dollars a day.
only one problem. 12 dollars a day according to average expenses in china (in and out of cities) does not make anywhere near a living wage.
so it's still the cheapest labor ploy, and it will only get bigger.
because of all the lame trade agreements in the u.s. for instance, for years now both china and india have been pushing high tech computer jobs while interest in computer tech has been dwindling in the u.s. for obvious reasons i.e. when you have an outsourced programmer in india working for 20 bucks a day...
this will have a profound effect on the u.s. tech sector in years to come.