Asia now has the most millionaires
Jun22

Asia now has the most millionaires

Capgemini and RBC Wealth Management report that there are now 11 million millionaires in the world . That seems like a lot, I think. But, I can’t really picture what 11 million people look like. I’d then have to imagine those 11 million among the  7,021,480,637 humans in the world. [1]  That gives us around 0.16 percent. So, you take a hundred people that represent the world population, and stare at one guys shins. Those...

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Disappearance of cheap labor in China
Jun21

Disappearance of cheap labor in China

As China’s standard of living rises, so does it’s average wages.  The rising costs of manufacturing means that it is no longer an obvious placebo set up shop if looking for cheap labour. Over the next two years minimum wages are expected to increase an average of thirteen percent annually. [1] This is added to the dramatic increases in wages that have already taken place since 2001 when China became a member of the World...

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Japan’s aging population
Jun19

Japan’s aging population

Based on current trends, 40% of Japan’s population will be aged 65 or older by the year 2060. As of last October the senior population stood at 23.3%, numbering 29,750,000. [1] So, more grandparents, less kids. What’s the problem? More gifts and love from the elderly. More cookies, more candy, home cooking, and storytelling. Who wouldn’t want that? Well, a large senior population puts strain on the health and social...

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Change in Cuba?
Jun14

Change in Cuba?

The statistics office in Cuba said the average monthly salary of Cubans has seen a rise between 2006 and 2011 from $16USD reaching $19 USD.  The average low salaries in the country are a major bone of contention for Cubans. In Cuba’s one party Communist system, the government controls over 90% of the economy, keeping salaries low, and keeping salary ranges slim. In the current system, “A street sweeper might make US$17 and a brain...

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