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Because the cost of goods out of China will increase as they are required to compete and raise salaries for the shrinking labor pool. This is happening with th
by mensetmanusman 3y ago
Because the cost of goods out of China will increase as they are required to compete and raise salaries for the shrinking labor pool.
This is happening with the service sector in the United States right now where getting manual labor done on houses has increased nearly 50% in a few years due to the lower population of workers.
- MichaelZuo 3y agoThis is counterbalanced by a falling exchange rate, if the USD strengthens enough per year relative to CNY. However that would mean less buying of government debt, less bank loans being issued, etc...