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Also, your cherry picked date range has a complex story behind it. It’s a story of falling inequality, not rising inequality. Chinese workers (among others) ate
by baron816 5y ago
Also, your cherry picked date range has a complex story behind it. It’s a story of falling inequality, not rising inequality. Chinese workers (among others) ate our lunch…by climbing out of abject poverty. They’ve become much more competitive and have seen their real wages skyrocket. If semi-skilled American workers were making $23/hr and equivalent Chinese workers were making $.23/hr (idk making something up), and now American workers are still making the same but Chinese workers are making $12/hr, is that a bad outcome?
- bosie 5y agoFor one of the two countries the answer is yes...