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The End of Cheap Labor In China
hackingbear writes "In the past decade, real wages for manufacturing workers in China have grown nearly 12% per year. The hourly cost advantage, while still significant [comparing to the West], is shrinking rapidly. The changing economics of Made in China will benefit both the rich and poor world. Countries like Cambodia, Laos, India and Vietnam are picking up some of the cheapest labor manufacturing left by the Chinese. And there is already evidence of at least the beginning of a shift in manufacturing operations returning to the US. Perhaps we will soon stop picking at 'Made in China' but instead complaining 'Made in Vietnam/Cambodia,' while serving the flood of Chinese tourists stocking up on brand-name merchandises on US tours and Chinese students paying high tuitions to our cash-strapped universities."
Here in Kenya they r doing lots of construction with their filthy own imported labour, using money they loan us, with some retarded technology no one nows if our engineers will b able to maintain (eg They are doing some cheap reinforced earth embankments whose life span they say is 25 years after which its obsolete on one of our highways{constructionkenya.com/1676/thika-road-construction-design/}). They even launged a vehicle assembly plant within Nairobi {businessdailyafrica.com/Corporate+News/China+vehicle+maker+to+open+Kenya+plant/-/539550/1138914/-/aksng/-/index.html}( are their vehicles r as good as their f****ng dumb phones?). Am civil engineer graduating 2012 nd this realy pisses me off!