The country ticks reliably with a skilled labor force, strong exports of high value added products and disciplined monetary and fiscal constructs.

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That will allow China to move up the value chain and redeploy its labor force away from assembling high tech products and sewing fabric together.

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"Our labor force will ultimately compete on the basis of added-value, " says George Yuen, executive director of the Better Hong Kong Foundation.

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In a society that in effect says to the victims, it's your responsibility to re-equip yourself for the American labor force, we are telling you now that you are not properly equipped, in effect that you do not have value as a worker, that's the message in a layoff.

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