The Apple Boycott: People Are Spouting Nonsense about Chinese Manufacturing
Tim Worstall, for Forbes:
Further, wages in China have been growing strongly recently. Since the late 1990s they have been growing at 14% per year (yes, after inflation is accounted for) and accelerating in the last couple of years. With compounding this means that manufacturing wages in China have risen four times since the turn of the century. The cause of this? Those vast factories built by the likes of Foxconn, the huge numbers of electronic toys and shiny gewgaws that we buy as they pour out of them.
It isn’t so black and white. Such a catch 22.
