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<p>[QUOTE=&quot;GoldFinger1969, post: 26543047, member: 73489&quot;]<b>Chinese labor costs double every 8-10 years...or less. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" /></b></p><p><br /></p><p>As their labor force shrinks by 30% the next 30 years, Chinese wages will increase and they will not be competitive with the U.S. worker.&nbsp; Once up on a time, (West) Germany and Japan were low-cost wage countries.&nbsp; Most of us probably remember the fear that Japan was going to take over in the 1980&#039;s.</p><p><br /></p><p>I still have my Fall 1980 Introductory Economics textbook which had a prediction/forecast that <b>the Japanese economy might overtake ours by 1990.&nbsp; </b>They had a great 1980&#039;s but the last 35 years they&#039;ve been mediocre at best and bad for longer.</p><p><br /></p><p><b>U.S. economy now over $30 trillion....Japan scratching to hit $5 trillion. </b><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" /></p><p><br /></p><p>Don&#039;t believe the doomsayers and naysayers.&nbsp; Their track record sucks.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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