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Politics : Moderate Forum
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To: The Philosopher who wrote (6734)2/9/2004 10:21:21 PM
From: Brumar89  Read Replies (1) of 20773
 
Japan was once known for cheap labor, they say. Then Korea and Taiwan were. They aren't equal to the US yet, but close enough. They're in the same ball park now.

Next Malaysia and Thailand was the source of cheap labor. Now Vietnam and China and India and Sri Lanka etc. And its not just manufacturing but services that can be moved or undercut on wages.

OK, China and India are massive countries compared to the earlier ones. It's a much bigger task for these countries to raise their living standards ... but eventually they will.

I have no idea how long it will take. The longer it takes the harder the adjustment. But it's going to happen.
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