---------- Forwarded message ----------
From:
Dante-Gabryell Monson <dante.monson@gmail.com>
Date: Wed, May 25, 2011 at 8:01 PM
Subject: US vs China : get the job done on the cheap
To:
econowmix@googlegroups.comhttp://blog.buzzflash.com/node/12718
Meyerson concludes: "In the new global pecking order, the decline of American unions and the steady downward mobility of American workers are making us the destination of choice when European companies want to get the job done on the cheap."
///
the Boston Consulting Group, which concludes that when you compare China's soaring wages and still-low levels of productivity with our stagnating wages and rising levels of productivity, the price advantage of manufacturing in China instead of the U.S. will shrink to insignificance by 2015. Investment in the U.S., says the group, "will accelerate as it becomes one of the cheapest locations for manufacturing in the developed world.