4 ms·
What an odd title. Higher wages could end poverty, which is defined by, you guess it, wages? The more interesting thing here would be: are wages rising as fast
by revelation 12y ago
What an odd title. Higher wages could end poverty, which is defined by, you guess it, wages?
The more interesting thing here would be: are wages rising as fast as we would expect them to? I'm pretty sure even the most incompetent administration can't possibly produce both a system that grows the economy by double digits yearly yet keeps wages low, and still stay in power.
But there are certainly ways a countries administration can go to make the upswing benefit only parts of society, and benefit those already in the higher echelons vastly more than those lower.
- Houshalter 12y agoIf I understand it correctly, it's that higher wages in China could end poverty in other places too. Because China will import more things from those countries, and factories will move there to the lower wages.