Why The END Of Cheap Chinese Labor Is Near

This is the scam capitalism perpetrates on people. Exploit the poor for labor and then when they get wise, as the Chinese are now beginning to get, move on to exploit the poor of some other country. Who's next when China's standard of living reaches the USA's? Iraq maybe? Would explain a lot, wouldn't it?

http://www.huffingtonpost.com/2010/06/08/why-the-end-of-cheap-chin_n_600330.html

their monthly pay went from what - $132 - $210? The end is far away.

brought on since globalism found China. So they might approach $250/mo. for *some* jobs? But their cost of living has risen from $50/month-$300/mo.

Whether or not the workers have any disposable income isn't the point. The point is that the people paying the workers have to come up with extra money. What the workers spend it on doesn't matter once those checks go out the door. Thanks to the fixed exchange rate, an increase in the amount of Yuan you've got to pay someone represents a real increase in labor costs if you are a foreign firm operating in China.

THEY JUST FIND CHEAPER PLACES

Who knows?

That's why saying the cost of living has gone up in China is irrelevant to this discussion. The manufacturers don't care.

our strong labor unions in the 1950s got there overnight? This is oh 1910 perhaps, and in a country where independent labor organizing is AGAINST the law.

You see china huffing and puffing about places like foxconn, the reason is because they are foreigned owned, and if the government allows the staff to organize and get more pay off them, that's more money floating around the chinese economy. Part of their attempted appeasement of the "peasants" that's a big deal right now because there's a growing ant-wealth sentiment.

However, there are tons of chinese-owned factories with ties to corrupt local governments that aren't going to be forced to adhere to any labour codes anytime soon. There's too much a stake for those in charge, the only reason China works is cheap labour. And you can bet any demise of that will happen slowly due to the government because if it happens too fast the economy goes into chaos and then the revolution begins.

Look at what it did to America - and look at what Reagonomics did to us. Now it's happening to China. And soon it's gonna happen to Vietnam or Laos, and so on and so forth. Captialism is a virus, plain and simple.

I just found this:
"Who's next when China's standard of living reaches the USA's?"
to be an odd choice of words. We probably do have differences of opinion on capitalism, but I don't feel like arguing about it tonight.