In Reply to: RE: Pretty much already happening... posted by Charles Hansen on November 8, 2017 at 02:09:00:
You had asked: "Is it OK to pay big bucks for great Western products? Is it OK to pay small bucks for mediocre Asian goods? Or were you hoping for great Western products for small bucks?"
I think I answered those questions. You have basically ignored.
But here you go on your soapbox far off-topic with little relevance to the subject. Why should I care who owns Maserati? Who bailed out GM? As for the Chinese subsidies, as I wrote elsewhere they were gifts to China from Bush, Clinton and their American corporate contributors.
As for China's workers, I think this 2013 summary by a Stanford researcher brings us closer to reality:
"The average assembly worker in Shenzhen now [2013] makes 2000 RMB ($328) per month. This is up 4 times from 500 RMB a few years ago. A basic staying-alive conversion is about (1 RMB to $1).
Though marginal by our living standards, this is the minimum wage that'll keep workers in the factories, albeit briefly. In China, worker unions are prohibited. But they live by their cellphones and have a vast network of instantaneous information. If factory X is going to pay WorkerA just .01 more per hour, he's relocating there before dinner.
Sometimes I feel that our fear of Chinese manufacturing taking all our jobs is a bit unfounded. Increasing environmental and humane policies in China are driving mass production labor to new countries in South Asia, Africa, etc. Unsexy, low paying, bulk manufacturing cannot survive there much longer."
As I wrote elsewhere, one has to compare to the conditions in Western countries at the dawn (and beyond) of our industrial revolution. Recall: Triangle Shirtwaist factory fire, etc.
If I were you I would not accuse someone whom you do not know of being unaware of anything.
This post is made possible by the generous support of people like you and our sponsors:
Follow Ups
- RE: Pretty much already happening... - Mel 11/8/1706:04:09 11/8/17 (1)
- RE: Pretty much already happening... - Charles Hansen 21:02:32 11/8/17 (0)