3 ms·
I think it's a case of wage normalisation. The salary and cost of living differentials between the West and Asia are narrowing incredibly fast. That's going to
by dreamfactored 9y ago
I think it's a case of wage normalisation. The salary and cost of living differentials between the West and Asia are narrowing incredibly fast. That's going to cause a lot of dissent amongst Western populations, particularly as those downward wage pressures are creating the kind of insecurities and job competition that the wild east is long accustomed to. The real consequence of fluid global trade is a global normalisation of living standards - you could say the first world is finally sharing and taking a hit in return for smartphones and cheap clothing.