They're more expensive, we're cheaper, they mean exactly the same thing. Like giving the speed of light in kilometers or miles per second.
It makes you wonder, what actually does determine wages? Why does the same work cost more in one place than another, and why is it always changing? Why does it make sense for an American company to open a factory overseas, with all the development and startup that entails, to make a product that has to be shipped halfway across the planet at great expense to be sold to Americans?
Yeah, I know. It makes economic sense, but there does seem to be a "perpetual motion machine", "something for nothing" kind of aspect to it. In the 1800s, the Indians quit making their own clothes, so the fiber would be grown in India, shipped by sea to England where it was spun into cloth, which was then put on ships and sent back India.
That's why Gandhi, (who was brought up wearing European clothes) started wearing homespun. And why the Indian flag has a spinning wheel emblem in its center. It was a political statement.
Current Events » in reply to American workers are not getting cheaper. Chinese workers wage are increasing.
It's all relative.
The whole thread (14 posts)
- The Insourcing Boom
- Very good article!
- Great news.
- It's not necessarily good news that American workers are getting cheaper than overseas labor.
