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As soon as China's workers realize that they don't have to be slaves to make those 100 million rich Chinese rich, wages will rise. The reason why the world's CEOs love China so much is that you can put a gun to the workers' heads to hold costs down. When this is taken away what will happen to China's wage arbitrage strategy?

China's wages have been rising the fastest in the world for the past 20 years. 20 years ago, the poverty rate was over 50%, but today it's just 16%. The increase in wages was the result of the normal capitalist process of the rich getting richer raising all boats. 20 years ago, those 100 mil. richest who exist today didn't even exist. In the next 20 years, there might be 300 mil. Chinese with a similar, First World standard of living. The wages of the workers in China's coastal cities have risen so much in recent years that capitalists are having to set up factories gradually more inland into the interior of China to access cheap labor.