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To: Lorianne
Lower wages do not always equal lower cost of production. Cheap labour can be substituted out for more advanced mechanization and automation. That requires an educated workforce.
4 posted on 10/26/2012 12:18:23 PM PDT by USFRIENDINVICTORIA
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To: USFRIENDINVICTORIA
That requires an educated workforce.

A much smaller educated workforce.

6 posted on 10/26/2012 12:38:20 PM PDT by giotto
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