China's industrial rise is no threat to "US"
China's rapid growth into the world's manufacturing base poses no threat to the United States which must refocus on higher-end products. At a time when China is growing as a manufacturing exporter of low-priced goods, our unemployment is declining. And our economy is growing and the average take-home pay per American is increasing. China has built its economy on the basis of manufacturing of commodity-type products. What we have seen in the US is that our new jobs that are being created are in the area of higher value manufacturing, differentiation of products, higher technology, and in many cases new services. The United States needs to keep building our economy looking at value-added products, high technology and better paying jobs, and for that we need to simply train more capable workers.
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