this post was submitted on 17 Apr 2024
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Despite Chinese wages growing exponentially, China's share of global manufacturing also grew in the same period. (lemmygrad.ml)
submitted 5 months ago by [email protected] to c/[email protected]
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[–] [email protected] 20 points 5 months 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.