Quote:
Originally Posted by Pico and ME
Maybe the cost of oil will make shipping from China so prohibitive, that to stay competitive Walmart will start looking for more local sources?
|
Or the quality of living will raise enough in China so that labor isn't as inexpensive as before.
"Labor Shortage in China May Lead to Trade Shift"
http://www.nytimes.com/2006/04/03/bu...=1&oref=slogin
"China is no longer the lowest-cost producer."
That was a little more than two years ago. Those searching for cheap labor will just move on and unintentionally raise some more 3rd world countries’ standard of living. If you want to be US-centric think of it as USA forging ahead… and dragging everyone else with us.