Wednesday, August 03, 2011
Today one of Apple's contract manufacturer's announced that they are going to use more robots in there Chinese facilities.1
"'Workers' wages are increasing so quickly that some companies can't take it longer,' said Dan Bin, a fund manager at Shenzhen-based Eastern Bay Investment Management, which invests in technology and consumer-related shares in China and Hong Kong."
Nothing is static.
China, once the endless supply of free labor is pricing itself out of that market. Meaning they'll have to start producing products for themselves.
Huge challenge for them. Huge opportunity for the rest of us.
Tuesday, August 02, 2011
Things that quite possibly only interest me......
Movie ticket prices have risen every year for the past 17 years. Since 1999 they've risen 1.5x inflation.1