Quote:
Originally Posted by Hatterasguy
What some of the doom and gloom people fail to realize is that China is losing manufacture jobs at a pretty good clip and its going to increase. They are losing them for the same reason they left this country, its a commodity and will go to the lowest bidder. China is getting to expensive so they are off to the next 3rd world hell hole. Having said that we still manufacture quite a bit in this country, we do the higher end stuff that others don't do so well.
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These are the same folks who were still worrying about jobs "going to mexico" long after mexico was losing it's jobs to asia. China will be an amazing market once they develop a sizable consumer class, I just hope their banks don't implode in the mean time.
There will always be specialty manufacturing in high labor markets, where the labor cost is relatively insignificant to the cost of the products. It's the cheap consumer products that will always chase the cheapest labor.