China

So you think that Union labor controls the economy.It is not labor but greed.

It is about Greed,.......
Greed of the ceo's,Greed of the U.S. Politicians.


If China's wages rise 8% annually for the next five years, says a Boston Consulting Group study, the average factory hand will still earn just $1.30 an hour by then.

Wage gap closing . . . very slowly
All U.S. workers need to do is be patient, and soon the wage gap that has sent so many U.S. jobs overseas to low-cost countries such China and India will be gone.

Yep, if U.S. workers -- or their children -- just wait a little while longer, then after a mere 32 more years of 10% raises, a Chinese worker making $100 a month -- well above the current official minimum wage of $87 a month, I admit -- will have closed the wage gap now separating the Chinese worker from the U.S. worker making $2,000 a month.

That assumes, of course, that the U.S. worker will not have received a single raise in those 32 years. If the U.S. worker has averaged even a 3.5% annual raise, the Chinese worker will need 50 years to close the wage gap

Millwright Ron

www.unionmillwright.com