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> Though obviously the average education standard in China is lower. It is higher that in the most of the West, US included. I have not yet seen a single worke
by baybal2 5y ago
> Though obviously the average education standard in China is lower.
It is higher that in the most of the West, US included. I have not yet seen a single worker struggling with basic arithmetics the way even university grads in the US do.
> The margins are often large so they could be produced in richer countries, and labour is cheaper in other countries too so perhaps costs could be reduced elsewhere too.
In fact, skilled assembly labour in South China was hovering in between 10000 and 15000 CNY (without pension/insurance/provident fund payments,) the later is higher than the price of factory labour in the US in flyover states.
Skilled assemblers are becoming an increasingly scarce resource. People work for 5-10 years on such job, and then leave for something (or increasingly somewhere) better.
Indians, and Bengalis are importing Chinese engineers in droves these days. Guangzhou-Dhaka flight was booked full through the whole pandemic period. It was one of very few such flights in entire China.