Quote:
Originally Posted by Relentless
That's a bit silly Minte.
If China becomes more expensive, postnationalist corporations will simply move somewhere else that is cheaper. There will always be a bald spot on the planet somewhere due to famine, war, disease, overpopulation or whatever else and it's just as easy to have slaves put iPhones together in those places as it is in China. Waiting for Chinese wages to rise won't help. The only things that will help are world wages rising (won't happen), protectionist laws with teeth (may happen), or developing our own bald spots here at home where people would be willing to work for Foxconn wages (look at modern Michigan)
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Well you are wrong. No other country on earth has the population that China has.
As a US manufacturer I went through this with Japan..then Taiwan. It took under 10 years for both of those countries to get the majority of their population working and westernized.
And China has become more expensive. I see large US companies moving work back. The world uses more than smart phones and Ipads.
But it's going to take a while, and the Chinese will likely de-value their currency before they lose their edge in low wages.