This. Probably one of the prime reasons we are in this predicament. The Yuan is tied to the U.S. dollar. It rises and falls whenever the U.S. dollar does. If it didn't then when we were in a recession, such as now, chinese labor would be much more expensive. What is more worrisome is in 30-40 years when China taps into the…
It's true that the skilled trades are suffering big time during this recession (aren't we all?). USA is harder hit than Canada right now. There is a massive glut of housing that needs to be cleared out. This is affecting union and non-union trades equally. But, once the recession is over AND the inventory is cleared out,…