[lbo-talk] Value of the dollar

Eric Beck ersatzdog at gmail.com
Tue Jan 31 18:05:36 PST 2012


On Tue, Jan 31, 2012 at 7:10 PM, Doug Henwood <dhenwood at panix.com> wrote:


> Damn, I have to blog more. Because those were exactly my thoughts on reading that NYT piece. China isn't just about wages - it's reached critical mass as a manufacturing powerhouse.

And to militate against the rapid rise in wages in the southeast, the government is encouraging, through a half a trillion dollars of highly sophisticated transportation and communication networks, the movement of that agglomeration to the interior, where rural workers will work for much cheaper.



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