My source says
“As Chinese wages rise, US manufacturers head back home”
“One big factor behind the move is the rising cost of labor in China. When it joined the World Trade Organization in 2001, China’s average manufacturing wage was 58 cents an hour, says Harold Sirkin, senior partner at the Chicago office of BCG “
How about a CURRENT SOURCE showing 17 cents an hour in china.
I am sure you can find at least one chinaman working for 17 cents an hour somewhere, but I am talking about an overall wage.
Some companies may move back and forth, but based on the trade deficit numbers with China, I think the momentum is still for companies to relocate operations to China.
Again, a lot of damage is already done. So it doesn’t matter what the Chinese rate is today or in the future. I say raise the tariffs and keep them up until the trade deficit with China is eliminated, and America has reached full employment.
Some companies may move back and forth, but based on the trade deficit numbers with China, I think the momentum is still for companies to relocate operations to China.
Again, a lot of damage is already done. So it doesn’t matter what the Chinese rate is today or in the future. I say raise the tariffs and keep them up until the trade deficit with China is eliminated, and America has reached full employment.