On Fri, 21 Nov 2003 05:27:42 -0500, Gary Coffman
wrote:


Well, economists are saying that the yuan is about 30% overvalued.
So if it were allowed to float free, a Chinese machinist would have to
be paid the equivalent of $1.30 an hour instead of $1.00 an hour to
make the same amount he is now making. That's still far below the
$15 an hour a US machinist demands.

Gary

But what is the buying power of that $1.00 as opposed to the US
machinists $15?

Gunner


Antiquis temporibus, nati tibi similes in rupibus
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