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They are probably pretty excited to get paid far more than they could by farming. In China incomes have gone from 2000 yuan a year farming, to 2000 yuan a mont
by force_reboot 10y ago
They are probably pretty excited to get paid far more than they could by farming. In China incomes have gone from 2000 yuan a year farming, to 2000 yuan a month or more working in factories. Ricardo's theory of comparative advantage works great in theory and practice, if you are open minded enough to look at all the evidence.
Paul Krugman has a great article on this BTW: http://web.mit.edu/krugman/www/ricardo.htm http://web.mit.edu/krugman/www/ricardo.htm