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Thread: Everything hikes except salary!!!

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[quote=APAULT,247793]It is very hard to get into the mainstream of this discussion as it has become so broad, so many issues have been raised.  I find myself agreeig with one writer against another, the the reverse.  Then thinking of another point but the discussion has moved on.  What to do, 'say nowt'?  No, anyone who kows me knows that is not an option.  Maybe just a few comments.... :)

The population as a whole has massive savings.  There has been great fear amonst the older peopl that hard times will return so they saved even though many had little enough to live on.  Only now are they beginning to have faith in the Chinese economy having durability so it MIGHT be supplementing their wages.  Some of that money has gone to the stock market and some into speculative housing develpment.

The rich are getting richer and the poor poorer??? That is not what I see in China.  The first part is definitely true, but I don't believe the poor are getting poorer even though they are not getting rich as fast as others.  I base this comment on the amount of development I have seen in rural areas and the lifestyles of the urban working classes.  Industrialisation seems to succed in capitalist societies because the entreprenneurs have large profits to risk on further ventures.  Those profits are made on the back of the working class (or the 'common people' if you like).  China is no exception though it seems to me that the poorer sections are generally faring better than in previous economic take-offs. It would be greaty if a socialist society could endsure the working class did not suffer at all, but that is probably just too difficult in practice. (And remember the words of Karl Marx 'Philosophers only interpret the world, the point is to change it'.  Theory is great but we need action and that action may not match the theory.  Yes, DXP got it started, and as he said, we can fix the problems later... I observe with interst :)   )

Workers' wages are low because we have 'job sharing', to borrow a western term.  In the stores there are so many staff doing nothing, in government it is the same.  In a college I and my national colleagues teach a piddling maximum 12 hours a week (called 16 hours in China as an hour = a 45 minte class in this terminology.  We could reduce staff in most businesses by say 35% and pay the remaining staff more and still have enough left fr more profit.  This is one of the areas that second stage growth will come from, greater workforce productivity.  In the meantime it allows far more people to share in the growth and fewer unemployed...the gap betwen the employed and the unemployed is the real income gap.

Well I said I would just make a few comments.... fortunatly the word 'few' is a very flexible word in the English language :)[/quote]

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