Quote:
Originally Posted by Old Gringo
Exactly.
All those so-called "American companies" bellyaching about China's regulations have the option of "just saying no!"
Of course, then they'd have to consider going to Mexico instead. But Mexico's dirt-poor wages are still quite a bit higher than China's slave labor pay scale. And that's the real motivation; to go as cheap on labor as they can get away with.
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Well, you are 1/2 right.........
American and multi-national corporations have willingly given up the tech. IN fact, they have heavily lobbied the US Government (successfully) since Reagan or before......PLEASE LET US SELL NUKES TO CHINA, etc......
In terms of Wages you don't have it quite right. The China thing is not due to low wages...in general. It's due to the combination of a vast supply chain (all the parts) and a much larger labor force....let alone the more advanced higher education available (to more people).....
A manufacturing worker in Szenchen easily makes 6,000 yuan per month with basic skills. That is over $200 per week and, say, $4 per hour or higher.
Mexicans make $2.50 to $3 per hour in manufacturing plants. The MINIMUM Wage in N. Mexican manufacturing plants is quite a bit lower - closer to $1 an hour.
But, in any case, China is not slave wages.
By that measurement, consider Texas with a $7.25 minimum wage.
Now, consider that the min. wage Texas worker goes and gets a MRI. Cost=$1200 for something basic.
The Chinese worker pays $150 for the same MRI.
So who is the slave?