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Sen. Schumer says plans China currency bill, page 2
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reply posted on 17-3-2010 @ 09:39 PM by hotpinkurinalmint
reply to post by Erasurehead
Not entirely true. Chinese workers wages are much lower than American workers wages. Even if China let its currency appreciate, the Chinese worker would still make a tiny fraction of what an American worker makes.
American companies also went to China because the Chinese government gave them no-interest loans to build factories and China has lax environmental and labor laws.
Not entirely true. Chinese workers wages are much lower than American workers wages. Even if China let its currency appreciate, the Chinese worker would still make a tiny fraction of what an American worker makes.
American companies also went to China because the Chinese government gave them no-interest loans to build factories and China has lax environmental and labor laws.
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