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China in the Midst of a Lewis Turning Point, but Coupled with Nasty Inflation

By Implode-Explode Heavy Industries

``Clearly China is smack in the middle of a Lewis Turning Point, which marks a time in the development of an economy when the surplus of cheap labor runs dry. In response, (surviving) employers push up wages and benefits, creating demand-push inflation. The nation is losing much of its original low-cost competitive advantage. ''

Full post as published by Mortgage Lender Implode-o-Meter on February 02, 2011 (boomark / email).