"Minimum wages are going up by double digits in cities around the country and many workers are receiving social insurance payments for the first time." - from linked article
The article linked to by parent is interesting, although the vocabulary is leftist.
You know how Western economies generate around 70 to 80% of gdp from activity within their borders (exceptions being Canada and NZ because of extraction industries). When China gets near that percentage, will they need this cheap assembly and fabrication work?
The article linked to by parent is interesting, although the vocabulary is leftist.
You know how Western economies generate around 70 to 80% of gdp from activity within their borders (exceptions being Canada and NZ because of extraction industries). When China gets near that percentage, will they need this cheap assembly and fabrication work?