Posted Monday 12th January 2009 09:26 GMT
The way it goes
As far as I remember, when Nokia decided to get rid of the German Bochum factory it was not only about labor cost but about efficiency too (too many men to change the light bulb).
Rememer the times when "made in Hong Kong", "made in Japan" was low cost, low quality.
"Those where the days".
The low cost labor was then in Korea, now Kina and East Europe.
The interesting question is, if, and when, Africa will be the next cheap labor provider.
The next country to need cheap labor is probably Kina and their interest and commitments in Africa are huge.
Education, yes, but how come teaching is such a low "cost" profession.
Perhaps "those days have gone".
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