Corporations being priced out of China

According to this mornings NY Times labor costs are soaring in China so corporations that had been outsourcing to China are now seeking cheaper labor markets. How much is too much for for these corporations to pay for labor and what are the costs of labor in the new markets?

While Chinese wages are still less than $1 an hour, factory workers in Vietnam earn as little as $50 a month for a 48-hour workweek, including Saturdays.

$1 an hour is too much for American corporations to pay their workers.

Remember though, free trade is an unimpeachable benefit. Don't even think of questioning the possible exploitation of workers by large multi-national corporations who greedily seek wages that come as close to modern slavery and indentured servitude as possible. Just enjoy all of the cheap crap they will sell you. Your job is simply to shut up and consume.

You don't have to be a radical or a crusading anti-trade zealot to grasp that something deeply perverse is occurring.