Appreciate your opinion. I think what we are saying can be all true. Most R&D and advanced manufacturing are possibly still taking place in North America now, but the problem is that these sectors don't hire a lot of people. [#4218900@0 -ROLIA.NET 相约加拿大网上社区 之 枫下论坛 & 枫下部落, 枫下论坛主坛 ]
Appreciate your opinion. I think what we are saying can be all true. Most R&D and advanced manufacturing are possibly still taking place in North America now, but the problem is that these sectors don't hire a lot of people.
by
omega4
(omega)
at
2008.1.27 16:07
(#4218900@0)
The labour intensive part of manufactoring may be lower-paid, does hire a lot more people, it has a potential to move them to middle-class, and inject a lot of salary budgets to the local communities in China. The second problem is that if most lower-end manufacturing are taking place in China, we have reason to worry that a significant portion of higher-end and R&D activities will also move there. Because people extract technical know-hows, experiences and innovative ideas through practices not books. If most practices are happening China and education is catching up, people there will certainly have the advantage to move up the food chain and take over more value-added work as well. The CEOs these days are driven by short -term goals set by quarterly reports to Wall Street. Maximizing profits and cutting cost are their mandate. Some of them might be patriotic, but they need to keep their jobs first I think.