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Slight nit-pick > Earning $5-6k working on an assembly line in a city where rent is around $200-300/month isn't worth it… Did you mean 2000-3000/month? Even i
by n_ary 3y ago
Slight nit-pick
> Earning $5-6k working on an assembly line in a city where rent is around $200-300/month isn't worth it…
Did you mean 2000-3000/month?
Even in beautiful heavenly EU, majority of the people I know, pays between 33-45% of their net-income as rent.
Compared to that, 300/5000 = 6%, unless you mean there is some seriously heavy tax or other cost of living involved.
- devilbunny 3y agoI'd assume those are yearly income and monthly rent. So $2400-$3600 out of $5000-$6000 is quite a lot.
- alephnerd 3y ago$5-6k per year. That tends to be market rate in Guangzhou, but also why low skill factories began moving to interior China and ASEAN. The economics of low wage manufacturing don't work once wages break $2-3k/yr.