Heterodox
Some observations from Clyde Prestowitz from about 10 years ago on China, but still relevant: “… China has become the location of choice for global manufacturing. This is usually attributed to its low wages. Chinese factory workers today earn 50 cents to $2 an hour and often work long shifts, getting minimal time off for weekends and holidays. But low wages are not the only factor; after all, wages in places like Vietnam, Myanmar, and Africa are even lower. China’s workers are not just...
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