There is a lot of poverty in China. In some areas, members of the same family share the same clothes!
Not surprisingly, Chinese people flock to cities or industrial areas to get jobs. They are willing to work for extremely low wages.
In his book The World is Flat, Thomas Friedman talks about the rise of China (cheap manpower) and India (cheap brainpower). The fact that the book has already sold 1.5 million copies, shows that Friedman has hit a nerve.
In fact, he hit the nail right on the head: there are 3 billion new workers who use the Internet and global services such as FedEx to tilt the playing field in their favor. The U.S. is about to face an economic storm. Most people are not ready to fight economic battles waged on a global scale.
It is scary, but it is a reality that must be faced. Workers and professionals who refuse to see how globalization changes the rules of competition, will become obsolete and face tough times in their careers.

Related Posts