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Protectionism is exactly how China ended up with > 1 million Foxconn jobs in the first place. Did that not help China in the long run? Is China worse off than
by crdoconnor 9y ago
Protectionism is exactly how China ended up with > 1 million Foxconn jobs in the first place.
Did that not help China in the long run? Is China worse off than 30 years ago?
- dao- 9y agoA million pretty shitty jobs by Western standards. China is an advanced developing country with low wages. Foxconn will have to pay higher wages in the US, and thus the pressure for automation will be even higher. The US, an industrial country, adopting China's tactics from a few decades ago, in today's environment, seems quite foolish.
- coldtea 9y ago>A million pretty shitty jobs by Western standards. You'd be surprised -- especially after you factor in relative cost of life.
- crdoconnor 9y agoBuilding iPhones is way better than most American low wage jobs - driving Ubers, flipping burgers, etc.