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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: BubbaFred who wrote (50752)	6/7/2004 3:32:19 AM
From: Seeker of Truth	Read Replies (1) \| Respond to of 74559

Low cost servants are a universal concomitant of impoverished work forces. I think all of us would be happier in a world where servants were not easily affordable in either India or China. Incidentally, to illustrate how relatively cheap labour is in China, recently I heard about a US citizen, not Chinese, who travels to China many times in the year. He brings orders for one time only high precision machine parts. Through an interpreter he conveys the orders to a machine shop and he hangs around in China for a few days each trip and then pays for the parts and goes back to his family and his customers in the US. It sounds very inefficient, all that travel expense, interpreter expense etc. But, I hear he makes a good living at it. The labor cost difference is everything.