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View Diary: Median U.S. household income fell 5% between 1999 and 2009. Globalization remains the core problem (201 comments)

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  •  The worst phase may be over (0+ / 0-)

    Guangdong province finally has more demand for labor than supply; wages have gone up 20% since the Foxxconn suicides, people are now turning down low pay jobs far from home. Wages and the Renminbi will have to rise.

    Multi-nationals have finally woken up to the idea that it's too risky to have their whole supply chain in China. Exchange rates, shipping costs, Communist Party Kleptocrats, acts of God, and responsiveness to customers are causing supply chains to be revived in Europe and America.

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