> I wouldn't be surprised if wages in the parts of the global population that's currently industrializing (parts of China and India) went up by way more than 43% though.
"The average salary increase in India is likely to be 10% in 2023, up from an actual increase of 9.8% in 2022" [1]
China's was in the range 3.7 percent, with salaries now a double of what they were a decade ago [2].
And that's in the formal economy in India, which employs a small fraction of those employed.
I found this mini-documentary by Polymatter[1] interesting. It asserts that Indian firms with ten or more employees are subject to inspections by the Indian labour inspectorate and a bunch of other requirements. For entirely unrelated reasons most Indian firms find 9 to be the optimum number of employees.
I found this mini-documentary by Polymatter[1] interesting. It asserts that Indian firms with ten or more employees are subject to inspections by the Indian labour inspectorate and a bunch of other requirements. For entirely unrelated reasons most Indian firms find 9 to be the optimum number of employees.
1. https://www.youtube.com/watch?v=Lvzn41Lv-O4&t=1s