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Reply #20: You are forgetting one thing...China has more supply of labor [View All]

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Home » Discuss » General Discussion: Presidency Donate to DU
golfguru Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-02-10 08:33 PM
Response to Reply #10
20. You are forgetting one thing...China has more supply of labor
than any other country in the world. When labor supply outweighs
demand, wages tend to be diminished. The old law of supply & demand is working.

I have a friend in China who makes $50,000 per year and can afford to send her
son to an American University. She is an engineering graduate. SO not everyone
is making slave wages. Actually people with high skills are in high demand.
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