On Mar 7, 12:06*pm, Millwright Ron wrote:
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




And then, finally, some companies are handling the rise in wages in
countries such as China and India by moving operations to even lower-
wage "platforms" such as Vietnam. Intel (INTC, news, msgs), for
example, has decided to open a major test and assembly plant outside
of Ho Chi Minh City. Vietnam beat out China, Malaysia and the
Philippines in the contest for the 1,200-worker plant.

Millwright Ron
www.unionmillwright.com