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I can understand the initiative, but they also have 1 billion people. There is no way they uplifted that many people out of the lower economy yet. Companies det

I can understand the initiative, but they also have 1 billion people. There is no way they uplifted that many people out of the lower economy yet. Companies determining that the cost of Chinese labor as not cheap enough due to even a slight increase in price still sounds like immense greed.

monocasa 6y ago
You could make the same argument for the US's 350M people. Why would we give up sweat shops when there's homeless and unemployed? Because we view their existence in our economy as an overall downward pressure on average standard of living.
f6v 6y ago
I’m no expert, but it’s probably not possible to move manufacturing to places where labor is still cheap in China. After all, the country is huge, and concentration/proximity to shipping routes matters.
mgraczyk 6y ago
This is also about planning ahead. There likely won't be a better time for the migration in the next 20 years.
waterheater 6y ago
According to one source, around 400 million people in China live in poverty [1]. If anything, their policies over the last 40 years were effective at raising many people out of destitute poverty. That said, there's enough people doing well enough that competition for the worst jobs is decreasing, forcing wages higher. Coupled with China's disregard for basic IP rights, environmental regulations, worker protections, and other rights we in the West fought for over the last century and beyond, it's no wonder people are jumping out while they can. Sources: [1] https://projectpartner.org/poverty/china-poverty-statistics-full-picture/ https://projectpartner.org/poverty/china-poverty-statistics-...
- eunos 6y ago
  The data seems quite old (pre 2015)