Nothing has skyrocketed globally more than productivity. Are you just antagonistic or ignorant? Do you think for one minute that the Chinese haven't copied our productivity standards? You should go to bed. There is nothing more exponential at this point in time than the growth of productivity. How this relates to "your currency" is beyond me.
the productivity equations are harder to grasp then just what the "global" numbers show. manufacturing has seen large productivity increases due to automation: robots, just in time parts delivery, plant automation, etc. and while it is true that this automation exists in chinese plants also, having a source of ultra low cost labor means that investments in productivity are often delayed. simple example: migrant farm workers coming into the US thwart what would be normal investment in automated crop harvesting. why bother, when the migrants work for so little. why don't we have investment in near fully automated assembly plants here in the US? why bother, when the chinese worker gets $120 per month. if that chinese worker got $1200 per month, you would see more investment in automation.
The US productivity numbers we see being heralded are, in part, a result of low productivity work being offshored: call centers are extremely low productivity operations for example, so when they are performed at 1/3rd the wage in India, the numbers look much better. same with PC "help center" operations. same with some low productivity auto subassembly work, backoffice financial accounting work, and so on. offshore your low productivity activities, fire those american workers and replace them with offshore workers at a much lower wage, and your numbers look good.
c#199