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With China's minimum wage being around US 60c an hour (http://bit.ly/6mDBYz http://bit.ly/6mDBYz) they are in a much better position to undertake such a labour
by zol 17y ago
With China's minimum wage being around US 60c an hour (http://bit.ly/6mDBYz http://bit.ly/6mDBYz) they are in a much better position to undertake such a labour intensive job as the West.
It is a smart move to receive payment in the form of natural resources as some of the countries involved in the network are economically poor but resource rich. It is likely the countries participating will end up paying a lot more in resources than they would have in cash.
It's my opinion that people are mistaken when viewing the proposal in terms of personal transport. It's not. It's a system designed to fuel China's growing demand for resources, which cannot be transported via air. In the other direction will come a high speed flow of manufactured goods.
- erikstarck 17y agoFor that kind of project it would make sense to develop robotics and other technology that could lower the cost dramatically. Also, you can't just take the minimum wage from China and multiply with the number of workers, there are many costs added to having that many people in different countries. Food and housing in Germany, for example, are expensive.