Tag Archives: wage gap

Stacy Summary: Seems the  timeline on eco-eco holocaust is shrinking on all fronts. The wage gap between China and US wasn’t supposed to close for another 20 or 30 years. There are signs, however, that this gap is closing much faster than predicted. What’s your prediction?  How soon will it close?  How soon will Chinese workers earn more than American workers?  Or do you think the entire globally economy and markets will collapse faster than either??

• Western profits wilt as China wages surge

The US industrial giant General Electric raised eyebrows in May with plans to shift production of its hybrid water heater from China back to Kentucky next year after securing lower wages from US workers. The company cited the narrowing pay gap, lower transport costs, and shorter delivery times.