Re: wages rising in China
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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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I disagree that the "cheap labor will be at home". For companies to move their jobs back here, they'd need to see a financial reason to do it. Paying people .15/hr is pretty tough to beat.......
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