Is the era of "cheap" Chinese labor at an end? A good thing?

[Albatross]

Hopefully,in 20 years poverty will be at 20% at most(for the whole world).

 

[Numenorean]

They raised it to 21%? 21% of what?

 

[magomago]

Chinese highly skilled workers working with progressive stamping press.

Well clearly doing it this way and having people sitting there to move the buckets is ultimately cheaper than to design a new machine that would move at a higher rate. Otherwise, if they could save money cutting out those people, they definitely will try to do so.

 

[Engineer]

Well clearly doing it this way and having people sitting there to move the buckets is ultimately cheaper than to design a new machine that would move at a higher rate. Otherwise, if they could save money cutting out those people, they definitely will try to do so.

Wasn't so much about that as it was the "highly skilled workers" comment!

 

[shiner]

Cheaper labor will be found elsewhere.

True, and Wal-Mart will continue to live.

 

[MagnusTheBrewer]

A good thing? Sure if you like even cheaper shittier products.

The reason China is great for manufacturing is becuase they have highly skilled workers, highly educated workers, and infrastructure.

Probably the next viable area is India. The workforce is there, but the infrastructure SUCKS. I mean there's rarely addresses on anything and the poverty is ridiculous.

Vietnam is another possibility. But again, the infrustructure is a mess.

I do not think those words mean what you think they mean.

 

[TwiceOver]

Wasn't so much about that as it was the "highly skilled workers" comment!

well if they were americans they would be talking and bitchin the whole time about how their lives suck so much. So yes... It takes skill to shut up and do your fucking job.

 

[TwiceOver]

I do not think those words mean what you think they mean.

or you are overly focused on the relatively few issues there are with chinese products in comparison to the whole.

 

[MagnusTheBrewer]

or you are overly focused on the relatively few issues there are with chinese products in comparison to the whole.

Or, my standards and other enlightened consumers are higher.

 

[iGas]

Average highly skilled labourer in India make less than $6 USD a day. Indonesia is $11 or less a day in Jakarta, and $9 or less outside of Jakarta.

Corporations will find cheap labourers elsewhere.

Wasn't so much about that as it was the "highly skilled workers" comment!

Engineers, teachers, accountants, etc... in Indonesia outside of Jakarta earn $9 or less a day. 10+ years experience boost their wage to $17 a day or less.