Re: wages rising in China
The whole globalization process's effects can't be clearly defined IMO.
People in the US (and other countries) lose their jobs, which is [censored]. These jobs move to developing countries, which is a good thing for these countries. But these developing countries also have horrible labor and environmental laws which hurt a lot of people.
A question I would pose, is globalization a necessary "evil" for those of us in 1st world countries, and do the positives of this globalization counteract the negatives.
|