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To: Katelew who wrote (409151)2/7/2011 1:25:58 PM
From: Geoff Altman4 Recommendations  Read Replies (3) | Respond to of 793912
 
Corporate America is expanding and adding jobs. Just not in this country enough to make much of a headway on the increasing demand for jobs in the US.

Why shouldn't manufacturing jobs be sent overseas? Is there one good reason why any corporate executive should operate his business at a disadvantage here?

Ok, where's the explosion?



To: Katelew who wrote (409151)2/7/2011 6:18:29 PM
From: skinowski  Read Replies (1) | Respond to of 793912
 
.....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.