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With 1.2 billion people winning less than $1.25 a day, could be a long wait. That without counting automation.
by RobertoG 11y ago
With 1.2 billion people winning less than $1.25 a day, could be a long wait.
That without counting automation.
- odonnellryan 11y agoI wouldn't worry too much. Things happen incredibly quickly at scales such as this. How many people had cell phones, much less a smart phone, 10 years ago? How quickly has Amazon grown? Not saying they're in any way correlated, but technology growth and adoption of new stuff is fast. Super fast.
- RobertoG 11y agoI agree, but we were talking about wages, not technology adoption. In fact, they are probably inversely correlated.
- JupiterMoon 11y agoTrue. But manufacturing is already being onshored back to the US partly as a result of rising wages in China (and largely due to falling energy costs in the US).
- RobertoG 11y agoManufacturing maybe, but the jobs is not so clear. http://qz.com/330243/dont-kid-yourself-us-manufacturing-is-never-really-coming-back-from-china/ http://qz.com/330243/dont-kid-yourself-us-manufacturing-is-n... http://www.nytimes.com/2013/09/20/business/us-textile-factories-return.html http://www.nytimes.com/2013/09/20/business/us-textile-factor...