Chinese income Article Example | Topics and Well Written Essays - 250 words

Chinese income - Article ExampleChina used to have many hundreds of millions of people below the poverty line who could not living themselves, so finding manual labor jobs can be a lifeline for these types of people. The United States also gets something out of the deal in that it consumers get to barter for goods at lower costs than if those goods were made in America.Trade between China and America is currently strong because each party can crap something out of the deal. If the conditions of trade change, such as an increase in Chinese wages, then this departing negatively affect international trade because American firms will not make as much profit. It is likely that these firms will look for other countries that have relatively low wages, such as Bangladesh, Vietnam, and the Philippines, because their profits margins will stay the same. At the end of the day, trade revolves around benefits, usually in the form of profits. If these benefits are reduced, then international t rade will decrease because barely one party will be gaining from the