I'm not saying Chinese labor isn't being exploited but also I would say that a 500% increase in average real wages over the last few decades plus the general year over year increases in standards of living and quality of infrastructure isn't "getting nothing to show for it"

I'm sitting in america getting paid less every year in real terms due to inflation watching everything around me literally crumble shrug-outta-hecks

[–] xiaohongshu@hexbear.net 3 points 3 months ago

You can have well paid workers with 500% increase in real wages without having to rely on running an export-led growth strategy. That’s my point.

It is neoliberal ideology that made countries do that.