http://analyzecapital.blogspot.com/2010/06/jobs-and-recovery-june-24-2010.html
Thursday, June 24, 2010
Jobs and Recovery: June 24, 2010
I apologize for my recent disappearance on the blog, recently on the work front I have been tackling a plethora of issues.
Recently I have been revisiting the blogsphere and came across an interesting zerohedge article: How US Job Losses Will End
In short, (even though the article is quite short), the rise in wages seen in emerging markets (particularly Asia) will lead to less US outsourcing jobs to abroad (along with other factors such as yuan floating and industrial pressures). He also highlights the very lost cost of labor in Vietnam vs China and India who are experiencing wage inflation, making it a attractive country to invest in.
I'm interested in both points but pertaining the former:
With China trying to tame their credit growth and avoid a market collapse, prospects of the Chinese government focusing more on domestic development is increasing. Evidence of this is their recent policy change of floating the yuan. This will allow for much more flexibility and ability to tame inflation, control unemployment, and bring stability to the central kingdom.
As the article implies, this will lead to: ……..
click above to see the the rest!