Many people interested in working at home have been forced to by globalization’s push to “downsize” American companies through “outsourcing”. It’s affected factory workers and white collar workers.
Globalization, though, knows no loyalties. So when Chinese workers get “uppity”, they are downsized and outsourced and the companies move on to the next low wage economy. You can read this in Der Spiegel’s:Globalization’s Victors Hunt for the Next Low-Wage Country
For a long time, it seemed as if China, with its 1.3 billion people, offered the world an inexhaustible reservoir of low-wage workers. It was the basis of the recipe for success that reformer Deng Xiaoping prescribed for the country 30 years ago. Foreign companies would outsource the production of simple products to China. And the communists would provide them with the workers they needed.
German investors, once lured to the Far East by low costs, have recently begun to realize that the financial advantages of outsourcing production to China have all but vanished. “Turning a profit is becoming increasingly rare,” reports consultant Wilfried Krokowski, who specializes in helping German companies enter the Chinese market.
Image courtesy Der Spiegel
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