Re: The end of China manfacturing dominance?
You Eco majors will have fun with this one.
Due to a 20% COL increase for 3 straight years, higher shippping costs, and increased demand for high quality products, the company I work for Carlisle (CSL) is discontinuing operations at 1 of our 2 China plants. 90% of those products will be returning to our USA plant. The other China plant will now only make product for the asian market. What does this mean? This is a production increase from 18k parts per day, to over 36k. Hiring of new full-time employees, with decent wage and benefits, will help the town I work in tremendously.
Now, it's got me to thinking. With the increase in a chinese "middle class" and declining availability of natural resources, is China's manafacturing griplock on the world coming to an end? Obviously other asian nations are developing and becoming more dominant play makers in the manafacturing setor, but is it enough to offset any drops in chinese productivity?
Also, is this the turning point in the economy finally? With lower average hours worked per employee, a European increase in manafacturing could create a larger number of jobs than in other areas, such as the United States. I would only assume countries such as Greece or Spain, suffering budget shortfalls and on the verge of collapse from a shrinking private sector, would only benefit from measures put into place to entice private manafacturing to setup shop.
Thoughts?
Arby: A very strict mod, reminds me of a fat redneck who drives a truck around all day with a beer in one hand. I hated this guy at the start, however, I played a round in PW with him where he went as an anonymous player. Our fam got smashed up and everyone pretty much left. Arby stayed around and helped out the remaining family. At the end of the round he revealed himself.... My views on him have changed since. Your a good guy.....