Chinese labour is cheap and there is plenty of it. But eventually their living standard will rise and so will their wages. So their products will become more expensive.
Then what happens? Will manufacture of cheap goods transfer to say, Africa? What will be the result of the expanding Chinese economy during these next decades?
I don’t think the world is ready for the scale of whats coming. Any views welcome.
if wages start rising there and production gets too expensive.. then there are lot s of other “cheap” places to move manufacturing to, and there will always be cheap places. and when that happens, you’ll find various media blaming their gov’ts for the inevitable when it’s how the global ecnomy works.
Sign In
