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Message: Re: Case for an "L" Shaped Recession

But Chinese factory worker wages are going up much faster, which is why Chinese companies are outsourcing to cheaper places like Vietnam.

"On a per-capita basis, the average Chinese worker earned an annual wage of 12,422 yuan ($1,630) in 2002, or 1,035 yuan ($136) per month. As of 2006, they were making 21,001 yuan ($2,756) a year, or 1,750 yuan ($230) a month."

That is 70% wage inflation in five years.

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