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In order for that argument to work, the US would also have to lower the minimum wage. Is that what you're proposing?
by nhebb 7y ago
In 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...