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Should we
ship our production to Japan or Germany? No. Japan and Germany are far too expensive. As a result much of our industrial production is shifting to China, India, Malayasia and anywhere else people will work for $100 US a week. Or less. Skilled engineeers and professionals are going (literally) begging in the former Soviet Union, and many will work for about 10% of the cost of employing a American in a similar capacity. |
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