Meanwhile, China is increasingly less thrilled about being valued only for its labor.
Its blue-collar labor pool is shrinking and becoming more of a precious commodity and wages rising, commensurately.
Its blue-collar labor pool is shrinking and becoming more of a precious commodity and wages rising, commensurately.
Comments
Levelheaded recognition of this reality (i.e. not freaking out about it) is key to managing a peaceful transition.
The world will need to find a new equilibrium point — and new (or modified) organizational structures.
Where this ends up is a much harder question to resolve but as long as people don't get so emotional and nasty about it, I am confident we will be able to collectively figure it out.
We just have to get their in one piece so we can deliver it to them.