wages rising in China

[ThaSaltCracka]

Wages on the rise in China

Interesting read, looks like there is a growing labor shortage in China, and an increase in wages could have an effect on the US economy.

[Nonfiction]

So all those poor, exploited workers who are "slaves" in "sweat shops" are actually having their lives, wages, and economy of their country improve thanks to the influx of capital caused by said "sweat shops?" WHO COULD HAVE PREDICTED?!?!

[ThaSaltCracka]

Thanks for the post.

[iron81]

The idea that there is a labor shortage in China is bizarre to me considering that 80% of the population is still peasant farmers. This is likely due to government regulations keeping people from moving to the cities.

[TomVeil]

In a completely unrelated story, Mattel moves their manufacuring plants to astonia.....

[ThaSaltCracka]

iron, the article seems to indicate that most young adults are going to college instead of taking these [censored] entry level manufacturing jobs. It does sound surprising. The article also thought that the limit on the number of children a family could have is also a factor. Finally, they did look at some of the rural towns, but anecdotal evidence seems to imply these towns don't have any potential workers in them anymore.

[T50_Omaha8]

[ QUOTE ]
In a completely unrelated story, Mattel moves their manufacuring plants to astonia.....

[/ QUOTE ]I don't understand this post. I assume you mean Estonia, but that's a much, much higher wage country than China.

[TomVeil]

[ QUOTE ]
[ QUOTE ]
In a completely unrelated story, Mattel moves their manufacuring plants to astonia.....

[/ QUOTE ]I don't understand this post. I assume you mean Estonia, but that's a much, much higher wage country than China.

[/ QUOTE ]

Sorry, I was just making up a name that sounded like it was in the stone age. You know that once China is sucked dry and they demand real money, they will just move somewhere else.

[ThaSaltCracka]

Africa

[TomVeil]

Most likely. But then who else when we finally start giving those pesky africans enough for food and a modern life?