Re: wages rising in China
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[/ QUOTE ] Is this a bad thing or a good thing, in your opinion?
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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.
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