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Thread: Anti-Japanese Movement 2012
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[quote=LONELYJOURNEY,477479]Seven11, I think you misunderstood me. I quoted Adidas as example to say “Foreign invested corps already knew the labor cost was too high in China. That’s why they decide to leave.” I do not oppose transition (labor intensive to technology-intensive industries). But China has to deal with it carefully. Why? With the development of technology, fewer workers are needed. China has the biggest population in the world. If the unemployment rate is too high, the social stability will be menaced. China once has cheap labor costs as its advantage to attract many foreign invested corps. But now its labor costs are not attractive to those corps. So they withdraw from China and move to Thailand and other Southern Asian Countries. Remember capitalists always look for high profits. Once the labor costs go up in Southern Countries, they will move to other places. [/quote]
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