On My Radar: He Ain’t Heavy, He’s My Brother

Last week we looked at structural issues. Specifically, the oversupply glut of 3 billion workers competing for the work that 800 million workers were doing before the internet opened the world to the emerging market supply chain. Think China’s massive infrastructure build out – the excess manufacturing and labor capabilities and also think about Korea, Singapore, Taiwan and India. Fifteen dollar per hour wages are not going to fly when there are people doing the same thing for $15 per day.