Like Japan in 1980's; China Presents Huge Economic Challenges

[tnitsuj]

from the New York Times

Good article on China's economic rise and the way it is approaching it.

 

[alchemize]

Good article.

I always hear the protectionists clamouring about China and Wal-Mart. The Chinese labor pool probably won't be exhausted in our lifetime. Unions won't stop it, legislation won't stop it. As "Big Al" Greenspan said, we need to adapt to the new skills needed. No company is going to pay $15 an hour plus benefits to attach doohickeys to widgets anymore. If they try, they will fail.

 

[tnitsuj]

Protectionism is bad mkay???