Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (62448)	4/22/2005 8:06:24 AM
From: Moominoid	Read Replies (2) of 74559

"The $1.50-to-$1.95-per-hour labor cost in the Chinese auto industry is not arrived at by any 'natural' operations of a free market," Ron Gettelfinger, the union president, said in a statement, "but through artificial repression of wages by a brutal regime which outlaws independent trade unions and jails more labor activists than any country in the world." That's a very good wage in China I would think.... Especially if prices are really 1/4 of those in the US and China even at adjusted prices is only at 1/6 or less of US income per capita. Maybe Jay can fill in on this.

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