"A big reason for the [new investment] is rock-bottom wages. As labor shortages in some regions of China drive up costs, factory hands in parts of the mainland can earn more than five times the $55 per month that Vietnamese workers in foreign-owned factories are paid. That differential is a big reason why Sparton Corp. (SPA ) of Jackson, Mich., chose Vietnam over China last year when it made its first investment outside North America... And Vietnam this year might wrap up negotiations for World Trade Organization membership. That would be a huge boon."Chinese wages of $225 a month are too high? So, where does it all end? As Sirota points out:
We inked a free trade deal with the wildly corrupt government of Mexico - a deal that eliminated environmental and wage protections. Then we inked a free trade deal with communist China - a deal that eliminated human rights standards. Recently, we began finalizing negotiations to sign a free trade deal with the United Arab Emirates - a deal that ignores all national security concerns. And now our government is pushing a free trade deal with Communist Vietnam - a deal that allows corporations to not only undermine American workers, but undermine workers in our trading partners who we promised would benefit from our trade policies in the first place.Honestly, I can't decide who's more corrupt and unethical - big business or politicians. Is there anyone who cares about the American worker anymore?