cross-posted from: https://lemmy.ml/post/15089465
Americans Are Open To Cheap Chinese Cars. That’s ‘Scary’ For The Rest Of The Auto Industry
cross-posted from: https://lemmy.ml/post/15089465
Americans Are Open To Cheap Chinese Cars. That’s ‘Scary’ For The Rest Of The Auto Industry
Now look at how much the executives are being paid in the US compared to the cost of the vehicles…
It ain’t the welders and wrench turners who are adding the most to the cost of vehicles.
As opposed to China where there totally isn’t a massive wealth gap between factory workers and their executives! Not like the CEO of Xpeng is worth 1.4 billion or anything…
It’s true, China Has Billionaires.
United Nations, 2019: Helping 800 Million People Escape Poverty Was Greatest Such Effort in History, Says Secretary-General, on Seventieth Anniversary of China’s Founding
Sure man, I guess the nets on the sides of the factory buildings are there to catch workers who are jumping with joy because their work is so rewarding.
I don’t deny that China’s economic ascendancy has been remarkable and a big win against poverty, but now that people have gotten past the starvation phase, I don’t think you can use the “high tide raises all boats” analogy. It sounds a lot like tricke-down economics to me, with some hand-waving that things are different in China because the wealthy elites are actually generous patricians.