Jordan,

That's fine in theory and wonderful when you are the one seeing the increase of wages.

It is somewhat different when it is your wages that are going down to meet those of the Chinese factory worker.

I think it is a fine idea for wages in China and India and ??? to rise and to give them more comsumer capability.
I think it is WRONG - and who cares about theory - for workers to have their wages lowered in the name of globalization!

I'm sure that the Chinese factory worker wishes to have a wage like his U.S. counterpart. I'm equally certain that the Chinese factory OWNER wishes to keep the wage of his factory workers as low as possible for as long as possible.

And you missed the essential point of my original - that LOCAL workers, whose jobs MUST be local for the type of work/service they deliver (i.e. Air Canada cannot deliver it's service by locating its workers and airplanes to China or India) are being affected in highly negative ways that, in the end, can only mean chaos locally.

In North America, until the 1930's, the boss had all of the power and the workers were forced to do whatever the boss said. Unions came along and changed that, for the betterment of EVERYONE. No more kids working. No more 80 hours weeks without pay for those hours. No more unsafe work conditions. And much more.
Business, using the media (here) 'wisely', has succeeded in making "unions" the devil in the eyes of most people. Business, using globalization as its argument, now demands wage and hours concessions that reduce us to Chinese factory worker levels!
By the way, you won't see many unions in China!

So, while I'm 'wrong' in your eyes and in economic theory, I believe that I am 100% correct as regards the real world and effects felt HERE.

regards


><snip>This trend simply HAS GOT TO BE STOPPED!!! If it isn't, we'll ALL - THE WHOLE WORLD - be earning wages equivalent to Chinese factory wages.
>
>Jim you are wrong.
>Chinese factory workkers like to rise their wages too. Their management and government understand this too and work in this direction.
>The reason - you can produce cheap good, but if you do not receive good salaries this limit consumtion. Export is one of the options, but there is a limit. When you reach it you should improve your internal consumption. If you like more investment, working place, taxes this lead to rising of salaries.
>Simple ecomonomics low.
>Air Canada workers should reduce their salaries if they like to keep their jobs in long-run. With globalization of the world in next 50 years people will receive almost the same salaries for equal work, it doesn't matter where they live or work.