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Good for the Chinese. A 50% increase in labour costs wont raise the price of our cheap Chinese price by that much, as most of what we pay goes to intermediaries anyway.

And the point that unfettered globalised capitalism won't raise standards of living sufficiently without some labour protection needs to be stressed.

The irony of the European Chamber of commerce complaining that "French or German levels of protection" will be instituted is too much to bear.

Those whom the Gods wish to destroy They first make mad. -- Euripides

by Migeru (migeru at eurotrib dot com) on Sat Oct 14th, 2006 at 07:51:46 PM EST

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