100,000 factories will have closed by year end in China

http://www.latimes.c...0,7768849.story

And then many more will close after Feb when people return home in rural areas for Chinese holidays. That way they can close them quietly without massive social unrest.

that sounds bullish for USA industry and profit margins. thanks!

not good at all for usa profit margins what we pay in an hourly minimum wage is the best their workers could make in a day... our minimum way earners are three times more expensive than their manufacturing labor... our manufacturing labor i imagine is therefore making in a day what they would make in a month... its so out of wack its silly