- China have 1 billion people. That's a lot of people to employ in an increasingly automated manufacturing environment.
- China competes on low quality, low cost. That only works until some other country goes lower. Sure, it might mean even more heinous human rights violations. Sure, it may mean living in a box instead of a 1x1 cage. But hey, people get desperate in recession. (*Andy does not condone the Chinese labour policies*)
- You can hire an Indian MBA student for $5/hr on eLance. That's just a silly amount of brain power for that kind of money. India is investing in high tech industries and further education. China is investing in Henry Ford style automatons.
This is going to be the economic battle to watch over the next 10 years. And with the Internet, we'll all have ringside seats. How awesome!
MindBullets are a fantastic series of articles from the FutureWorld group. Essentially they're news broadcasts from the future, showing us examples of just how quickly our world is changing, and where it might take us. Explore further MindBullets or read more about the FutureWorld Group (of which Andy Hadfield is a member).