Rumor has it the end of cheap labor is coming to China. I really doubt that is true, but at least it is looking better for some Chinese workers in terms of receiving something similar to fair wages.
We know that corporations are always ahead of the game when it comes to figuring out where to go when labor strengthens beyond their comfort zone. What will most likely happen in China is that we will see some internal migration to fill vacant jobs and some companies will move inland to continue exploiting poor people. China will probably attract foreign immigrants to fill low wage jobs as well. Some companies will most likely leave… Read more