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ksmithI'm not saying that Bill Gates is the second coming of Simon Legree or anything. Let's just say that I get grumpy when billionaires at jet set ski resorts start commenting about workers' salaries and benefits and such.
A few quotes. Cherry-picked, granted, but since those are the quotes that irritated me in the first place...
He characterised the Chinese model in terms of "willingness to work hard and not having quite the same medical overhead or legal overhead".
Looking ahead, he added: "You know they haven't run out of labor yet, the portion that can come out of the agriculture sector" was still considerable.
"It's not like Korea, Korea got to a point where, boom, the wages went up a lot," he said, adding "that's good, you know, they got rich and now they have to add value at a different level.
The rest of the story is here, but I think you need to be sub'd to Yahoo to read it.
http://news.yahoo.com/news?tmpl=story&u=/afp/20050129/bs_afp/forumdavoschinaeconomygates_050129133242
A few quotes. Cherry-picked, granted, but since those are the quotes that irritated me in the first place...
He characterised the Chinese model in terms of "willingness to work hard and not having quite the same medical overhead or legal overhead".
Looking ahead, he added: "You know they haven't run out of labor yet, the portion that can come out of the agriculture sector" was still considerable.
"It's not like Korea, Korea got to a point where, boom, the wages went up a lot," he said, adding "that's good, you know, they got rich and now they have to add value at a different level.
The rest of the story is here, but I think you need to be sub'd to Yahoo to read it.
http://news.yahoo.com/news?tmpl=story&u=/afp/20050129/bs_afp/forumdavoschinaeconomygates_050129133242
