Quote:
Originally Posted by Minte
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.
|
They will build factories on barges off the coast of every backwater island with exploitable inhabitants if it's cheaper to do so than to do the work elsewhere. Most of these forms of labor will be automated within decades, so they only need to figure out where to find slaves for two dozen more years before they can just plug some in anywhere they want and pay for electricity rather than labor. Pushing slave wage jobs back to poverty wage levels is like putting a band aid on wounds caused by a land mine and then striding forward with confidence through the rest of a suspicious open field.
There are more people than jobs. The number of jobs is decreasing rapidly. The number of people is increasingly rapidly. The aptitude required for the kind of jobs that require people is becoming much higher. The number of young angry people with enough aptitude to cause harm but too little aptitude or the wrong kind of aptitude to build a better life for themselves is growing fastest of all. This is a global problem on a fundamental level, based in technology and population... not political ideologies or geographical locations.
The fact that our political system is broken makes diagnosing or curing it impossible.... And the people benefiting most from the problem are the ones funding that continued dysfunction.