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Warren Stupidity

(48,181 posts)

7. Actually there is no other China.

Reply to jeff47 (Reply #3)

Mon Sep 3, 2012, 09:01 AM

Sep 2012

The size of the Chinese labor force dwarfs the rest of the world. While wages are rising a bit in both china and India, they remain a small fraction of labor costs in the "west". What is changing is labor costs in the west, which is the point of the OP. To the extent that any low tech manufacturing returns here, it will do so because local labor costs have reached parity with Asia. The implication to our standard of living is clear.

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"You go into an Apple store and you see the future," [View all] phantom power Sep 2012 OP

If the Koch shits elect their candidate we can kiss worker's rights and jobs goodbye. Initech Sep 2012 #1

Not that I disagree.... physioex Sep 2012 #2

There's lots of other Chinas jeff47 Sep 2012 #3

It seems that we've done a lot to help China ComplimentarySwine Sep 2012 #4

Economically quaker bill Sep 2012 #6

Actually there is no other China. Warren Stupidity Sep 2012 #7

It doesn't dwarf the rest of the world jeff47 Sep 2012 #13

No really they dwarf the rest of the world as a manufacturing labor force. Warren Stupidity Sep 2012 #14

I'd like to introduce you to the continent of Africa. jeff47 Sep 2012 #16

Let me know when Africa is a nation with a world class manufacturing labor force. Warren Stupidity Sep 2012 #17

Because that doesn't describe China a few decades ago. jeff47 Sep 2012 #18

In the 1950s and 1960s there was a huge SheilaT Sep 2012 #5

Marx pointed out that automation is a dead end for capitalism. Warren Stupidity Sep 2012 #8

The amount of labor we need as a society is dropping - and that's a good thing. Or it should be. reformist2 Sep 2012 #11

China has a manufacturing infrastructure that isn't available anywhere else high density Sep 2012 #9

People are cheaper. originalpckelly Sep 2012 #12

Too simplistic Franker65 Sep 2012 #10

um, well, don't count on that for much longer either. Warren Stupidity Sep 2012 #15