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  #21  
Old 08-30-2007, 07:27 PM
andyfox andyfox is offline
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Default Re: wages rising in China

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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  #22  
Old 08-30-2007, 08:31 PM
T50_Omaha8 T50_Omaha8 is offline
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Default Re: wages rising in China

[ QUOTE ]
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.


[/ QUOTE ] Is this a bad thing or a good thing, in your opinion?
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  #23  
Old 08-30-2007, 09:36 PM
lehighguy lehighguy is offline
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Default Re: wages rising in China

New England is a pretty well off place, Taiwan became a well off place after that, China and Vietnam are doing the same.
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  #24  
Old 08-30-2007, 09:41 PM
TomVeil TomVeil is offline
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Default Re: wages rising in China

[ QUOTE ]
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.

[/ QUOTE ]

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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  #25  
Old 08-30-2007, 09:43 PM
TomVeil TomVeil is offline
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Default Re: wages rising in China

[ QUOTE ]


[/ QUOTE ] Is this a bad thing or a good thing, in your opinion?

[/ QUOTE ]

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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  #26  
Old 08-30-2007, 09:57 PM
T50_Omaha8 T50_Omaha8 is offline
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Default Re: wages rising in China

[ QUOTE ]
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.

[/ QUOTE ] Are these the Chinese people who might lose their jobs or the Americans who lost their jobs x years ago?
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  #27  
Old 08-30-2007, 10:03 PM
natedogg natedogg is offline
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Default Re: wages rising in China

[ QUOTE ]
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.

[/ QUOTE ]

This is the part where you are confused.

natedogg
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  #28  
Old 08-30-2007, 10:08 PM
TomVeil TomVeil is offline
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Default Re: wages rising in China

[ QUOTE ]
Are these the Chinese people who might lose their jobs or the Americans who lost their jobs x years ago?

[/ QUOTE ]

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)
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  #29  
Old 08-30-2007, 10:09 PM
TomVeil TomVeil is offline
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Default Re: wages rising in China

[ QUOTE ]
[ QUOTE ]
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.

[/ QUOTE ]

This is the part where you are confused.

natedogg

[/ QUOTE ]

So please tell me why instead of just saying it........
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  #30  
Old 08-30-2007, 10:58 PM
andyfox andyfox is offline
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Default Re: wages rising in China

Bad for the people who lost their jobs. Good for most everyon else.
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