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Quote: Originally Posted by J.Thomas I'm bearish on China's short to mid term outlook.
Quote: Originally Posted by lieqiang
Not that you actually invest.
That's funny right there. I'm bearish on pork but haven't eaten any since the 80s.
That's funny right there. I'm bearish on pork but haven't eaten any since the 80s.
Boneless spare ribs with extra MSG, please.
The Economist had an article about pork in China a couple of years ago. They consume 500 million pigs per year. Half of the world consumption. In Mandarin, "pork" and "meat" are the same word. 25 years ago, there was very little meat in the Chinese diet. These days, every year is "the year of the pig".
Well I'm sure you've got some personal pet definition for "better off" that you're leaning on here, but back to the thread at hand no wages in China aren't anywhere near what they are in the United States so J.Thomas is (as usual) spewing nonsense.
They are generating jobs for their kids to do so they are better off than we are. Money isn't everything. Having a future for your kids is of value as well. Wages change and can quite quickly.
They are generating jobs for their kids to do so they are better off than we are. Money isn't everything. Having a future for your kids is of value as well. Wages change and can quite quickly.
Huh?
You should actually visit China and see how many years it takes off your life expectancy, speaking of future.
so I can find out yet again that there is no research funding, because people like you refuse to chip in?
That's right. I will continue to refuse to allow the government to dictate what they think I should do with my money (or refuse to support such idiocy at least). I earned my money and I should do what I think is appropriate with it. What moral claim do you have that would send an agency of force (the government) to take of my substance to alleviate your real and/or perceived problem? Slavery ended in this country a long time ago. That's what you're advocating, a return to it: that I should work to provide for you. If you think that's selfish, so be it. I for one do not need a government entity to dictate morals to me nor do I need to defend my own morals before others when it's none of their d--- business.
They are generating jobs for their kids to do so they are better off than we are. Money isn't everything. Having a future for your kids is of value as well. Wages change and can quite quickly.
Actually China has had a huge discrepancy between GDP and job growth, every year they have millions of extra college graduates who face starting wages that are often lower than illiterate people working in factories. Their economy focuses on industrial production yet productivity increases have stalled job growth in that sector as well.
Wages change quickly and are rising rapidly in China, but the wages and lifestyle of their working class is nowhere near what Americans enjoy and opportunities for young Americans are far greater than in China and most Chinese would give anything to be able to come to the United States to get an education and start a career.
Actually China has had a huge discrepancy between GDP and job growth, every year they have millions of extra college graduates who face starting wages that are often lower than illiterate people working in factories. Their economy focuses on industrial production yet productivity increases have stalled job growth in that sector as well.
Wages change quickly and are rising rapidly in China, but the wages and lifestyle of their working class is nowhere near what Americans enjoy and opportunities for young Americans are far greater than in China and most Chinese would give anything to be able to come to the United States to get an education and start a career.
No doubt, we are rich in America, and a lot of people want that wealth. Ten years ago or more when my friend went to China to help with the preparations for their Olympics he said that 100million were participating in their economy like Americans do. That fraction has grown rapidly over the intervening time. A job there wont get what a job here will get and there is far more competition for a job there than there is here, but, they understand and feel a responsibility to provide work for their population that is lacking here. They are reshaping their economy. Growth.
If you have ambition and drive America has opportunity. We do about 1/5th of everything that happens in the world's economy on a dollar value basis. Or did recently. Jobs have been flat for the past 15 years in America. But our population has grown and we've let more people in. Jobs are growing faster than population in China, population growing faster than jobs in the US. That puts downwards pressure on wages here and upwards pressure on wages there.
the middle class are being led over the cliff by the people they vote for.
the politicians aim is for DOWNward mobility. they give you food stamps as a reward n forever you need to kiss their azz.
WAKE-UP middle class. YOU are voting for yr own demise. I thought only inner city ghetto people did this, but I ADMIT i was wrong.
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