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Politics : Politics for Pros- moderated
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To: Katelew who wrote (409151)2/7/2011 6:18:29 PM
From: skinowski  Read Replies (1) of 793928
 
.....20% increases on average expected for 2011. This moves our two countries a little closer to wage parity..

Yes, this is good news for us. But - it's complicated. They still have hundreds of millions of people in China who live in rural areas and are still very poor. They seem to be most anxious to move to the industrialized parts of the country - and begin to share in the new (relative) prosperity. This will generate downward pressures on wages. How it will all play out - only time can tell.
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