I'm not sure what that means. China can't go on strike, right? They could raise their prices but then they would open themselves up to more competition.
It seems to me that America is sucking Chinese labor dry and getting full advantage of the Chinese people's sweat and labor at a low price. The lower the price we Americans pay for the goods we want, the higher our effective "take home" pay, and the higher OUR standard of living.
“The lower the price we Americans pay for the goods we want, the higher our effective “take home” pay, and the higher OUR standard of living. “
Tell that to all the unemployed.
BTW what has happened to our standard of living compared to that of the Chinese?
“I’m not sure what that means.”
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Fair enough. We’re talking. It’s a start.
I welcome you to ponder that idea, and its ramifications.
The PRC is far and away history’s largest, most powerful labor union. And we are sending ever more American jobs, to that union...
Just something to contemplate.