[P2P-F] Fwd: US vs China : get the job done on the cheap

[Michel Bauwens]

---------- Forwarded message ----------
From: Dante-Gabryell Monson <dante.monson at gmail.com>
Date: Wed, May 25, 2011 at 8:01 PM
Subject: US vs China : get the job done on the cheap
To: econowmix at googlegroups.com


http://blog.buzzflash.com/node/12718

<http://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.



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