Recordar Lawrence... nada está escrito (parte XV)

"The End Of Cheap China Is Growing Near":
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"In my new book, "The End of Cheap China," I argue that analyses by Krugman and others do not hold up to even basic scrutiny, and I describe not only the true disruption China’s rise could cause but also the opportunities it offers for American job creation.
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In one chapter I analyze China’s currency and show that China’s manufacturing beats America’s because of superior infrastructure and efficient labor pools, not because of a manipulated currency, as Krugman argues. I point out that China is no longer a cheap place to do business. Not only did its currency appreciate by 8% in the last year, but 21 of China’s 31 provinces increased their minimum wage this year by 22%. Office space is more expensive in Shanghai than in many Western capitals. Currency rates are not the only mechanism for repairing cost imbalances—a fact that Krugman does not seem to get." (Moi ici: E não é só Krugman é toda a tríade. Quem nos quer fora do euro é por causa desta limitação)
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"The End of Cheap Labor in China":.
"In what is supposed to be a land of unlimited cheap labor — a nation of 1.3 billion people, whose extraordinary 20-year economic rise has been built first and foremost on the backs of low-priced workers — the game has changed. In the past decade, according to Helen Qiao, chief economist for Goldman Sachs in Hong Kong, real wages for manufacturing workers in China have grown nearly 12% per year. That's the result of an economy that's been growing by double digits annually for two decades, fueled domestically by a frenzied infrastructure and housing build-out — one that, for now anyway, continues apace — combined with what was for a time an almost unquenchable thirst for Chinese exports in the developed world. Add to that the fact that in the five largest manufacturing provinces, the Chinese government — worried about an ever widening gap between rich and poor — has raised the minimum wage 14% to 21% in the past year. To Harley Seyedin, president of the American Chamber of Commerce in South China, the conclusion is inescapable: "The era of cheap labor in China is over."

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"As China Economy Grows, So Does Labor Unrest".

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"Chinese Police With Shotguns Man Checkpoints Near Scene of Land Protests"

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"The End of Cheap China Is Growing Near"

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