Re:Demand for medical equipment is making air cargo fees ‘cr...
by roenxi on Monday March 30, 2020 @05:48PM
(#22732584)
The strategy would presumably be halve the minimum wage while simultaneously halving the cost of everything else.
Someone one 60% of the US minimum wage in China would theoretically [0][1] have a more comfortable lifestyle than a US minimum wage worker. In all likelihood this is because they can buy stuff extremely cheaply because their manufacturing costs are lower.
Someone one 60% of the US minimum wage in China would theoretically [0][1] have a more comfortable lifestyle than a US minimum wage worker. In all likelihood this is because they can buy stuff extremely cheaply because their manufacturing costs are lower.
[0] https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)...
[1] https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi...