Good evening, this is a slightly unrelated post, but interesting nonetheless. This video shows workers in China working at lightning speed, packing decks of cards. As you may know, China has a huge labour force which makes every product you can imagine. Many countries such as America, Canada, European countries, and many more, outsource their labour to China in order to cut costs.
In North America, a lot of our workers are spoiled, with unions, sick pay, vacation days, and more, when compared to that of China's workers, it's crazy how hard they work. Unfortunately, since there is such an abundance of these workers, they are often mistreated and are willing to work dangerous jobs just for a few hundred dollars a month, not even a quarter or what most people in other countries would make.China's GDP growth rate is incredible, and is creating a huge impact on global markets with millionaires being created every day.
The Chinese middle class is also growing at a rate never seen before. Basically, there is a lot of growth and spending going on in China which is creating a lot of change in all parts of the world. Even though there are many more billionaires being produced, most of the country lives off $3600 dollars a year or less.
What does this mean? China has become the second largest economy in the world, surpassing Japan, and produce everything from batteries to cars, clothes to furniture, and everything in between.
Now you might be thinking, whats the point? Basically, there are many investors that are eyeballing China as a potential gold mine. Imagine how many houses need to be built to support the rising middle class. As the population grows even larger, mouths have to be fed, children have to be clothed and educated, and more.
How do you invest in China's shifting economy? There are many potential answers to that question, but somethings to think about if you are interested are investing in its industrialization, energy, and consumable commodities such as oil, copper, etc.
Do some research, a well balanced portfolio can also include assets from foreign enterprises, and there may just be a lot of potential in the future.
Saw this video earlier today... Very interesting read man. Keep it up.
ReplyDeleteman that makes you realize that your job usnt that bad
ReplyDeletewow holy crap that video is nuts
ReplyDeleteThere are some industries that China dominates, such as rare earth metals production. They have a virtual monopoly on rare earth materials and they are used in practically everything electronic these days.
ReplyDeleteGees never realized how bad it is, thanks for the info!
ReplyDeleteFOLLOWED! :]
i dont like china, destroys markets! >=(
ReplyDeleteand that guy probably only makes 3 cents an hour for doing that...
ReplyDeleteYou lost me at "In North America, a lot of our workers are spoiled, with unions, sick pay, vacation days, and more, when compared to that of China's workers, it's crazy how hard they work"
ReplyDeleteIf you think American workers are "spoiled", why don't you come down here and try to work? Yeah, that's what I thought.
Shit like this makes me jealous that I didn't think of it.
ReplyDeleteMan check those skills. No wonder their economy pwns.. They work like robots.
ReplyDeletechina is peaking, it would seem.
ReplyDeleteThat guy's pretty quick. I'd actually like to do that for a while. I'd be good at it! I may even force that guy out of a job!
ReplyDeleteYay, good workers. Better than the slackers here in norway.
ReplyDeleteChina is becoming such a superpower.. They will be the new USA in about 10 years.
ReplyDeleteOh, those wacky communists!
ReplyDeleteI guess if you have to do this your whole life, you automatically get as fast as they do and if you don't you will probably be replaced.
ReplyDeleteat this rate there going to take over the world
ReplyDeleteOh wow I always feel bad for the people who work like this... Well following you now great post!
ReplyDeleteAnd so it grows...China's going to take the lead soon.
ReplyDeleteChina will take the lead soon. and the business language will be chinese omg i dont even want to think of what the world will become.
ReplyDeleteErr... are'nt those guys from video needed in some casinos?
ReplyDeletewow thats fast
ReplyDeleteThe only money I ever cared about was food and travelling tickets, but for some reason I couldn't stop reading. Never a dull day in economy.
ReplyDeleteits what will indeed ruin us
ReplyDeletethat was wicked fast
ReplyDeleteWow, you see a lot of these videos of china's super economy, but have you seen the bad side to their rapid economical growth? During the Olympics they were quieting down the news about the baby powder milk that was killing baby's, and they've been having tons of pollution problems lately.
ReplyDeletethat video was crazy! and there was really zero talking goin gon either. Just a bnuch of kids sittting around pakcing cards. You're right too about how strong china is rapidly becoming, but do you think this growth is sustainable? With so many people can the government and infestructure keep up?
ReplyDeletethat is insane, how do they work that fast?!?
ReplyDeleteHaha North Americans aren't lazy compared to the Europeans! But a good point, I never thought about making personal money off of China's huge success.
ReplyDeletelittle bit of info: America's privatized prison system means that a lot more people are ending up in detention centers these days (6 million Americans!!) Which means, for the first time in decades, America is actually producing and competing with the Chinese labour industry, due to the free labour of the people in the prisons.
ReplyDelete