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That is because of China and US positions in the global system over this time. The wage/labor/inequality story is broadly true across the global north; China ca
by grafmax 1y ago
That is because of China and US positions in the global system over this time. The wage/labor/inequality story is broadly true across the global north; China can credit forward thinking central planning, social programs, and industrialization for its economic progress (yet it continues to live under authoritarian rule).
- tim333 1y agoIt varies a lot - check this out https://www.businessinsider.com/france-vs-us-real-wages-2015-12 https://www.businessinsider.com/france-vs-us-real-wages-2015... The US is kind of an outlier. I guess if you have the opportunity to have your stuff made by cheap or free labour whether low paid Chinese or AI robots, societies have a choice how to distribute the benefits which has varied from everything to the rich in the US to fairly even in France say. Such choices will be important with AI.