Will China really take over?
Out of context: Reply #48
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- ETM0
China has problems in that they have no true middle class yet and they are at the whim of the western world to buy their stuff, so they have little self sufficiency. The other side of that sword, however, is that a middle class will mean workers will want more, and demand more from employers, driving up costs of production with the long term potential of making them less favorable for manufacturing. That will perpetuate the cycle and opening up an opportunity for yet another developing country or region to join the sweat shop regime.
That is one thing the west still has, in theory, is the ability to both manufacture and consume said goods . If we didn't all want 3 TVs for cheap and disposable products we replace every year, we might still be manufacturing a lot more here.
- I guess this also relates to drgz post above as well.ETM