ECON110_China - Assignment#3 November 8 2012 ECON110 Professor C Assignment#3 China In less than three decades China workers have seen a dramatically

ECON110_China - Assignment#3 November 8 2012 ECON110...

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Assignment #3 November 8, 2012 ECON110 Professor C Assignment #3: China In less than three decades China workers have seen a dramatically increase in their income. Today China is an important player in global trade, exporting to numerous countries around the world. Many jobs have also been outsourced overseas due to the savings in cost and manufacturing, however if Chinas wages keep rising, this all could change. As Chinese workers standard of living increases through receiving higher wages, the demand for more goods will increase for now they have the money to purchase more goods and services. Workers most likely will even start demanding higher wages. With this global demand prices will increase, and in both manufacturing and goods and services the comparative
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