20% pay increases every year for the past 10 years in China. \u00a0At first glance, this looks like a great thing. \u00a0It would seem that china is trying to raise the standard of living for their people. \u00a0The real problem is that China, similar to the US, has not figured out how to pay for value. \u00a0It seems it’s just too hard for companies and countries to figure that out. Just too easy to set wages, roll the dice and hope something good happens.<\/p>\n
China seems to be loosing their competitiveness by pricing themselves out of the market. \u00a0When I was in High School, people would come back from Korea and tell about the great deals they found. \u00a0I traveled to Korea in 1993 looking for manufacturing for jackets. \u00a0By that time, I discovered I could get the jackets made in the US for similar prices. \u00a0I am sure manufacturing was already moved to China by that time.<\/p>\n
This was comment from a WSJ article from April 30, 2013\u00a0Not Made in China<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 20% pay increases every year for the past 10 years in China. \u00a0At first glance, this looks like a great thing. \u00a0It would seem that china is trying to raise the standard of living for their people. \u00a0The real problem is that China, similar to the US, has not figured out how to pay for… <\/p>\n