Re: wages rising in China
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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.
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