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Originally Posted by Flames Draft Watcher
Uhhhh maybe. But in all likelihood not. Let's be realistic here.
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He is being realistic, actually. This is the model China has been working off for decades.
North American company "x" sets up shop in China, exports all their technology for the benefit of cheap labour, and 5 years later the Chinese government takes over said shop, keeps all the expertise that has been taught to them, enters the marketplace, starts making the same kind of money "x" was, and raises wages. That's a pretty simple analysis, but you get the gist.
I've been watching this happen in the steel industry for the last 10 years. The only way around it is when (not if) you lose your shop is to move it further inland where the labour is cheaper. Right now I can hire someone in Mongolia for 1/10 the cost of someone on the East coast. Not that the population on the east coast care much, their shops are so heavily advanced (in comparison to Mongolia) that they are so busy selling worldwide they could care less if I order from them or not.
China is developing faster than any other country in the world, so they must be doing something right.