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


To: Moominoid who wrote (62459)4/22/2005 9:50:06 AM
From: TobagoJack  Respond to 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>>

... and the natural free market wage in China is no doubt, by his definition, USD 150k all in per annum per worker.

<<"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.">>

... and if so, the regime ought to be collapsing any minute by popular uprising of folks wanting their USD 150k per annum natural wage, and so there is nothing to worry about in any case, if he is correct.

... back to on-line death match or onslaught gaming.



To: Moominoid who wrote (62459)4/22/2005 6:29:29 PM
From: Gib Bogle  Respond to of 74559
 
"..labor cost in the Chinese auto industry is not arrived at by any 'natural' operations of a free market"

You have to laugh - as if trade unions are part of the free market.