I especially note:
Exacerbating this changing situation is the fact that the country's labor force is aging and, Chang says, for the first time ever its supply of workers in the age range of 15 to 54 years is declining, and its "population trends are accelerating."
Foxxconn plans to robotize and move.
I wonder at what point the cost of moving and retooling is going to wipe out any savings vs paying more for labor as the labor market tightens up worldwide.
Five million people went on social security in 2010 and 2011 in the U.S. (that's 2.5 million per year). Similar things are happening in China. That's up from five million people over 2001 to 2009 combined.
And what happens when labor get the upper hand and decides to stop working 60 hours per week?
I'm concerned inflation may be strong enough that I'm forced to work a bit more than I planned (tho still probably only 20 hours a week).