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You don't think that maybe they're trying to get over here for the same reason they always have, Deuce? That the US is a better place to live than China?
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The article said "wealthy" Chinese. They are already well off. What they're basically doing is coming over here, popping out the kid, then heading right back to china. These are not factory workers. They obviously have the means. If they have the means, i doubt their life is all that bad. Hell, I sure as hell can't afford a trip like that.
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One day, however, their standard of living will improve to the point that the Chinese economy shifts out of manufacturing and more into service and finance.
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I suspect one day they'll have a repeat of the industrial revolution and the rise of labor unions, EPA, and all the things big buisness hate, that the lack off makes things so profitable over there. Assuming China's communist roots don't stamp them out with an iron heel.
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If we're not well ahead of where we are at the moment
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Given our current poltitical and economic situation, I personally don't see us moving forward at all.
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they will replace us as the world's preminent monopsony,
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I think they are well on the way to being the premier superpower of the future.
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and our economy may well start heading back to manufacturing.
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Nothing wrong with that. Well all have jobs, and the middle class might even return to its former prosperity instead of being in decline.