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)
[/ QUOTE ]If enough people can't afford the products, then there won't be a demand for international cheap labor in the first place--the cheap labor will be at home. This is mostly a self-regulating problem.
I'll admit there are losers in the globalization process, but I can't ignore the multitude of humanity that has been helped by it.
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