dartagnan.......
Your analysis of the situation is grim but sadly fairly accurate. The only point I would raise is the future of China. Taiwan is actually the new China. In 2007/2008 the Chinese implemented (and actually enforced) some serious new legislation regarding both working conditions and factory pollution levels. This has lead to a number of factories actually being shut down over night and the ones that remained open have been forced to raise their export prices to cover the costs of cleaning up their act and adhering to the new pay and conditions for their staff.
Take this example...China is the world's largest producer of pet products. Raw hide dog chews, rubber toys and plastics in particular. All of which create massive amounts of pollution which was previously dumped in the local rivers. Now that this is being stamped out, manufacturers are sourcing factories in Taiwan where legislation is still years behind China. As a result the new job creation will be in Taiwan if the other industries using the same materials follow suite, which I suspect they will.
So.....anyone got a job recently or is that a silly question????
Have a great Easter all, at least that bloody bunny's got real job security year on year!
2W2R
