this post was submitted on 17 Apr 2024
78 points (94.3% liked)

World News

3281 readers
140 users here now

founded 6 years ago
MODERATORS
muad_dibber@lemmygrad.ml
sovietsnake@lemmygrad.ml
ksynwa@lemmygrad.ml
ComradePupIvy@lemmygrad.ml
78
Despite Chinese wages growing exponentially, China's share of global manufacturing also grew in the same period. (lemmygrad.ml)
submitted 2 years ago by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml
13 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] keepcarrot@hexbear.net 20 points 2 years ago

China also makes it legally hard to move capital out of the country even if capitalists want to chase lower wages elsewhere. Good strategy. Money can still flow somewhat, but that factory isn't going anywhere.