Saturday, January 21, 2012

much of the hype about rising han production costs forgets a certain off set

the inland vastneses of the han republic


there are hundreds of millions of souls yet to be released from labor intensive farming
and millions of square miles of land
 yet to be assimilated into the modern production platform

this will signifigantly moderate the rise of coastal nominal wages

 even as the rising  rmb relative to  euro-american currencies
will  reduce export cost advantages
over domestic competitors
it will increase  real wages everywhere in han land
Further reducing rising wage rate pressures