With job competition now in India/China..are our "good economic" days over? (user search)
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  With job competition now in India/China..are our "good economic" days over? (search mode)
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Author Topic: With job competition now in India/China..are our "good economic" days over?  (Read 1128 times)
Person Man
Angry_Weasel
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Posts: 36,667
United States


« on: August 28, 2011, 07:27:45 AM »
« edited: August 28, 2011, 07:29:31 AM by Toby Queef »

US workers get paid more than Chinese ones because they're more productive. As Chinese productivity goes up, so will their wages. Thus, there will be no problem. That, at least, is the simple and short version.

Certain sectors can be disproportionately hurt of course.

Is productivity the only variable in determining real wages or is it even the largest variable?  Ideally, it would be....people should get what they pay for....but why get a $900 plasma screen TV when a $50 14 year old 27inch TV at the pawn shop does the job?
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