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> Why is everything made in China? Because we don't let people migrate to the US in sufficient quantities to equalize the cost of labor. For better or worse, t
by jldugger 7y ago
> Why is everything made in China?
Because we don't let people migrate to the US in sufficient quantities to equalize the cost of labor. For better or worse, there's a ton of underemployed folks in China who's alternative to manufacturing is subsistence farming.
Since this is, in your own words, a national security problem, I imagine you're in favor of removing the national immigration quotas the US imposes?
- nhebb 7y agoIn order for that argument to work, the US would also have to lower the minimum wage. Is that what you're proposing?
- gbear605 7y agoNo need to, let enough people immigrate and the cost of wages in China will go up to over the US minimum wage
- _jal 7y agoIn your estimation, how many relocated people would be required to push the median Chinese wage over, say, $12?
- roenxi 7y agoThe strategy would presumably be halve the minimum wage while simultaneously halving the cost of everything else. Someone one 60% of the US minimum wage in China would theoretically [0][1] have a more comfortable lifestyle than a US minimum wage worker. In all likelihood this is because they can buy stuff extremely cheaply because their manufacturing costs are lower. [0] https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)... [1] https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi...