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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (409296)	2/7/2011 6:34:22 PM
From: Katelew	1 Recommendation Read Replies (1) \| Respond to of 793914

What you say seems to be true. China has developed a bifurcated economy to some extent. There are, however, many factories in southern China that have dormitories available for workers. Many of the rural young work and live in these dorms, sending money back to their villages and/or saving for the time when they can afford to move to the coastal cities. The whole country is in transition. The older generation that won't leave those rural villages will be dying off. I don't read as much on China as I once did so I may be missing some things of importance. Based on what I've read, however, I can't envision what would alter the upward rise of wages short of government intervention. Left alone, the typical economic forces should continue to lift the wage base except for the intervening recessions that are inevitable.