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Agreed. China's wages have risen steadily to the point that they are substantially higher than the competition (Vietnam, India, etc.). Yet during the same time,
by puranjay 6y ago
Agreed. China's wages have risen steadily to the point that they are substantially higher than the competition (Vietnam, India, etc.). Yet during the same time, their share of global manufacturing has also increased. Low wages are only part of the reason for China's manufacturing dominance. A lot has to do with supply chains, industrial expertise and skilled workforce.