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by adventured
4008 days ago
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American entrepreneurs are the best thing that has happened to China in centuries. If it weren't for American capital, and the American consumer, China would have developed drastically slower (if at all). China's GDP per capita in 1994 was ~$480. That's ~45 years after the Mao revolution. There was no alternative than to pay them cheap wages to start. If you paid them 'first world' wages, nobody would have set up manufacturing in China to begin with; those manufacturers would have kept that manufacturing domestically or sought out another cheaper source. The sole reason China boomed the last 20 years is that they had 250 million low-wage workers available and willing to do low-cost manufacturing. If we're talking exploitation, the primary exploiters of cheap Chinese labor, are the 200 Chinese billionaires that have gotten rich off of leveraging their own impoverished workers - they own all the factories, the real estate, et al. China's wealth inequality puts every other country to shame. |
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American business is a significant reason China was so poor to start with. To understand China, I recommend reading what is meant by the 'century of humiliation'.
> There was no alternative than to pay them cheap wages to start.
They can pay less than American-level wages, and yet still pay a living wage and provide safe, reasonable working conditions.
> the primary exploiters of cheap Chinese labor, are the 200 Chinese billionaires
That someone else does wrong doesn't justify doing it yourself. Otherwise, everyone's standard is whatever the worst do.