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Southern Asia + Eastern Asia + Southeastern Asia = ~50% of the world's population Spread across a tremendously diverse set of cultures and languages, but a muc
by ethbr1 3y ago
Southern Asia + Eastern Asia + Southeastern Asia = ~50% of the world's population
Spread across a tremendously diverse set of cultures and languages, but a much bigger market for companies that grow there.
- alephnerd 3y ago> Spread across a tremendously diverse set of cultures and languages, but a much bigger market for companies that grow there. It's more so the fact that Asian countries still have low margins manufacturers with little to no overhead. I can open a garments or shirt factory with minimal overhead anywhere in Asia, but if I tried opening a Maquiladora here in the US, I'd be facing a 10-20 year federal sentence like those guys who brought Thais illegally to the Garment District in LA in the 90s. All I need is 10 sewing machines, 10 semi-skilled laborers, some consistent electricity, and a bit of cash to pay off the local labor inspector. I def can't do that here in the US anymore.
- 082349872349872 3y agoMaybe it was an exaggeration, but in the 1980's I heard that Hong Kong when factory owners kept full accounting for A/C costs but wages got lumped under "other expenses"?