Re: wages rising in China
 

Companies relocating from China to other countries with lower wage rates and other lower costs is already happening. At one time, there were 800 shoe factories in New England; then they went to Taiwan; thence to China; and I know several that are planning to go to Vietnam.

Re: wages rising in China
 

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At one time, there were 800 shoe factories in New England; then they went to Taiwan; thence to China; and I know several that are planning to go to Vietnam.


[/ QUOTE ] Is this a bad thing or a good thing, in your opinion?

Re: wages rising in China
 

New England is a pretty well off place, Taiwan became a well off place after that, China and Vietnam are doing the same.

Re: wages rising in China
 

[ QUOTE ]
Companies relocating from China to other countries with lower wage rates and other lower costs is already happening. At one time, there were 800 shoe factories in New England; then they went to Taiwan; thence to China; and I know several that are planning to go to Vietnam.

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Exactly. There's no loyalty in buisness other than to the bottom line. The point in which it becomes more profitable to move, the companies will move. Until then, they stay.

Re: wages rising in China
 

[ QUOTE ]


[/ QUOTE ] Is this a bad thing or a good thing, in your opinion?

[/ QUOTE ]

I know you weren't asking me, but I'll answer anyway [img]/images/graemlins/smile.gif[/img]

Basically, it depends on who you are. If you're a Chinese worker, it's good until they leave. When they leave, you'll probably have raised your standard of living. That's a good thing.

If you're in Vietnam, you're gaining jobs. That's a good thing as well.

If you're big buisness, cutting out expenses is the biggest (only!) thing. So it's good for them too.

The only people it's bad for are the people losing their jobs who can no longer afford the products. We're not there yet, but we're approaching it rapidly.

Re: wages rising in China
 

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The only people it's bad for are the people losing their jobs who can no longer afford the products. We're not there yet, but we're approaching it rapidly.

[/ QUOTE ] Are these the Chinese people who might lose their jobs or the Americans who lost their jobs x years ago?

Re: wages rising in China
 

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The only people it's bad for are the people losing their jobs who can no longer afford the products. We're not there yet, but we're approaching it rapidly.

[/ QUOTE ]

This is the part where you are confused.

natedogg

Re: wages rising in China
 

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Are these the Chinese people who might lose their jobs or the Americans who lost their jobs x years ago?

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It's us who lost the jobs years ago but are now being unable to afford the products. Sooner or later all the debt is going to drag them down. (Their debt, not the national debt, which will probably help in dragging them down)

Re: wages rising in China
 

[ QUOTE ]
[ QUOTE ]
The only people it's bad for are the people losing their jobs who can no longer afford the products. We're not there yet, but we're approaching it rapidly.

[/ QUOTE ]

This is the part where you are confused.

natedogg

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So please tell me why instead of just saying it........

Re: wages rising in China
 

Bad for the people who lost their jobs. Good for most everyon else.