Monday, March 14, 2016

Labor Market Unrest in China has world wide implications

Image result for guangdong china
Guangdong China

I read with interest about labor unrest in China which are not paying hte workers due to slowdown of the economy, especially in Guangdong, that makes most of the world's toys. I mean just go into any toy store or even a walmart or toysrus, or go online and shop at amazon, or ebay and you are basically walking into China or buying from China, as the box will say Made in China.

And then you hear how Chinese companies are paying billions of dollars for properties across the world. So you have a disconnect between the masses and the government or who ever is collecting the world's money. It is a Chinese issue and they must deal with it or the world will suffer a lack of basic goods. Kids will be screaming, yelling and complaining of lacking toys and goods. Some other country will go manufacture and take up the flak but that would not be the cheapest price in the world and that may affect the world economy.    

 See story here...http://www.nytimes.com/2016/03/15/world/asia/china-labor-strike-protest.html?_r=0.


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