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submitted 1 year ago* (last edited 1 year ago) by soumerd_retardataire@lemmygrad.ml to c/informedtankie@lemmygrad.ml

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edit : didn't mentioned that the interest i saw with the graph above was that it's usually considered cheaper to work in China, and that developing countries need to 'be competitive'/'lower their salaries' in order to attract investments. This graph points out to the existence of other factors than wages in order to 'be competitive'/'attract investments'. Perhaps that a country should( somehow) become wealthy enough to enable its own capitalists to invest in machinery, leading to 'higher salaries'/'more (productive )investments'/'higher competitiveness', i.d.k. Still don't know as well how China escaped the trap that every other country fell in.

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this post was submitted on 13 Sep 2023
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