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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: GPS Info who wrote (98476)2/2/2013 2:45:59 PM
From: Maurice Winn2 Recommendations  Read Replies (1) | Respond to of 217557
 
It's odd that people think that a problem: <China may not be a place with cheap labor for much longer, and there is little the Asian giant can do about it. > Why on Earth would "the Asian giant" want to do anything about it other than increase the pace that the cheap labour supply runs out?

The job of governments should be to help the owners of that government [the citizens] become wealthy. The citizens don't hire politicians to keep the citizens poor, working for low pay.

Viewed from the mentality of people who enjoy having slaves, it's disappointing, but decent people would be pleased to have a vast horde of poverty alleviated.

Mqurice



To: GPS Info who wrote (98476)2/2/2013 2:52:18 PM
From: Snowshoe  Read Replies (1) | Respond to of 217557
 
>>may be only seven years from what’s known as the Lewis Turning Point. ... That’s the moment where labor shortages push wages to the point where they offset increases in productivity.<<

China could free up some labor resources by scaling back the overbearing internal security/censorship apparatus. Put those people to work doing something more productive.