Turning Ethiopia Into China’s China – Businessweek

So the cheap labor in China is not cheap enough? Who would have thought that the pursuit of ever-increasing profits would lead to going cheaper than China’s cheap labor. As I read this article it seemed almost like modern day slavery. But then again, I never lived in Ethiopia and $40/month may be a “good wage” there.

However, as the race to the bottom for labor costs continues, just where are all these profits winding up? The .0001%?

http://mobile.businessweek.com/articles/2014-07-24/ethiopia-vies-for-chinas-vanishing-factory-jobs?google_editors_picks=true

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