4 ms·
At this point, if any country or countries with cheap plentiful labor gets it stuff together this could cause a problem.
by DeonPenny 8y ago
At this point, if any country or countries with cheap plentiful labor gets it stuff together this could cause a problem.
- org3432 8y agoChina isn't that cheap anymore actually, a lot of their value in certain areas is that they have been doing them for a long time so are pretty good at it now.
- raverbashing 8y agoChina is becoming (or probably already a good way into) becoming 80's Japan What comes next is anyone's guess.
- BurningFrog 8y agoThe world is actually rather quickly running out of dirt poor people. This is a very good thing, but it's also a world that has never existed before.
- throwaway5uie 8y agoBut then it would be those cheap countries stealing IP. Just like Japan, South Korea, Taiwan, and China before them.
- DeonPenny 8y agoI think the hope is that won't also be super protectionist too
- lowkey 8y agoAnd the United States was notorious for IP theft before them. Fun Fact: the word Yankee is Dutch for pirate - not a coincidence.
- beginningguava 8y agothere was no world trade organization or global free trade agreements back then. Not to mention the most common thing the US is accused of was a former worker bringing his knowledge to the US and recreating a factory from memory. He didn't get paid by the US government to steal blueprints like China does today
- barry-cotter 8y agoWelcome to Vietnam baby. Even a perennial underperformed like the Philippines has ~5% a year growth. Things are getting better everywhere. Even Africa has bright spots like Ethiopia, Nigeria or Ghana.