connectclass

4 ms·

1. 1.▲
   by connectclass 9y ago

   The average monthly wage for white collar workers is a measly $1000/month “China’s middle class incomes fail to take off in 2017” http://www.clb.org.hk/content/china’s-middle-class-incomes-f...
2. 2.▲
   by connectclass 9y ago

   wage inflation will happen soon enough. there a flood of money flowing back to US (from emerging countries) due to global instability, repatriation tax decrease, tariffs, default risks in emerging countries, and increasing interest rate.
3. 3.▲
   by connectclass 9y ago

   and now we can clearly see that there was never going to be a middle class in China. Too much money stolen and given to communist party (and now the dictator).
4. 4.▲
   by connectclass 9y ago

   And for all the people that complain 'but the prices will go up', yes they will in the short term. But don't underestimate how quickly it would be for the factories owned by multinationals to move out of China to even cheape