Wednesday, June 9, 2010

Rising labour costs in China

"The days of endless cheap labour in the "workshop of the world" could be numbered as a shortage of workers and government fears of social unrest drive up wages in China, experts say." Now, isn't that a surprise and did the Chinese, or anyone else for that matter, really think that the rules of capitalism don't apply to China. Exactly, the same rules, of course, apply as they did to that "workshop of the world" from "yesteryear", Great Britain. Could this actually be that road to "Socialism with Chinese characteristics" which Deng Xiaoping was talking about in 1979? Well, if it is let's just hope that we doesn't all end up in some Chinese Tony Blair, while more closer to now, just watch the capitalists make a rather hasty exit as they move their operations to regions where labour costs less and could we be seeing independent unions forming in the PRC in the not too distant future?

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