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Wages: so I just googled the average Chinese wage and the first answer I got was around $5000. you don't think a difference of an order of magnitude in wages co
by olau 12y ago
Wages: so I just googled the average Chinese wage and the first answer I got was around $5000. you don't think a difference of an order of magnitude in wages could explain the difference?
Regarding waste in administration: I'm sure the same happens in China.
- jerf 12y agoFor construction wage differences to matter, we have to be actually constructing. Spending billions of dollars on clearing red tape isn't due to construction wage differences. Of course we are paying the people implementing the red tape much better than the Chinese do, that is true. And we probably pay a lot more of them. And please spare me the obvious black & white "oh, so you want no regulation, then?" I want reasonable levels. Not levels that were clearly designed to be punitive.