With all the wage increases going on in China, multinational corporations are now looking to move their manufacturing facilities to virgin areas of human population. Some are looking to move to the interior of China while others consider Africa and other Asian countries. Keep on moving; that's what they have to do to find people who will work on the cheap.
It's pretty rough how people in China get a raise though. When enough overworked employees commit suicide because they can't afford to live, the government takes notice and forces wage increases. So, I figure we only have to wait 30 or 40 more years for manufacturing to reach every corner of the earth and come 'round to America again. Then maybe we'll have the opportunity to commit suicide so our friends can get a raise.
http://finance.yahoo.com/news/Analysis-China-costs-start-to-rb-860146679.html
It's pretty rough how people in China get a raise though. When enough overworked employees commit suicide because they can't afford to live, the government takes notice and forces wage increases. So, I figure we only have to wait 30 or 40 more years for manufacturing to reach every corner of the earth and come 'round to America again. Then maybe we'll have the opportunity to commit suicide so our friends can get a raise.
http://finance.yahoo.com/news/Analysis-China-costs-start-to-rb-860146679.html
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