Monday, June 7, 2010

China Wages Skyrocket

So I blogged about China in a previous post, specifically about their property bubble.  According to this article (you can get free access to FT.com), China's wages are increasing.  This should help fuel the bubble.  One question I will pose; if Chinese wages reach some kind of parity to Mexico/Brazil/??? then what incentive is there to ship goods from China and wait weeks for the container to float across the blue Pacific when the supposed labor rate advantage has disappeared?

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