3 ms·
Doesn't seem to be working too bad so far.
by CrLf 3y ago
Doesn't seem to be working too bad so far.
- treprinum 3y agoI must be living in another world then. GDP of EU is stagnant since 2008 whereas US and Chinese GDP exploded during that time. Ultimately whoever has the most money is going to win so let's not try to redefine economical indicators and say that GDP is no longer relevant etc.
- mnau 3y agoAs a member of eastern EU block, I sometimes look at avg. salary in China (114029.00 CNY/Year per [tradingeconomics](https://tradingeconomics.com/china/wages https://tradingeconomics.com/china/wages)) and wonder when will they earn more (though the wages are basically incomparable due to different taxes). It won't take a long time. 15% inflation in 2022 was fun, 11% in 2023 even more fun.
- treprinum 3y agoAFAIK Chinese workers are already more expensive than eastern EU ones (but tight logistic integration makes the overall manufacturing cheaper) and so are Indian devs in India already more expensive than eastern EU devs. "Prosperity"
- CrLf 3y agoJapan's GDP has been stagnant since 1995.