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The US auto industry is in big trouble. China now makes 75 percent of all electric vehicles sold anywhere on earth. US automakers make around 5 percent. (www.nytimes.com)
submitted 2 months ago* (last edited 2 months ago) by to c/mildlyinteresting@lemmy.world
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[–] -4 points 2 months ago* (last edited 2 months ago) (2 children)

Chinese businesses also demand profit margin, they just don't have worker's unions or a minimum wage.

EDIT: Prove me wrong, tankies. But you can't, because China won't let any foreigners report on anything.

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  • [–] 1 point 2 months ago (1 child)

    Lmao China has both minimum wage and worker’s unions (literally the CPC can be considered one giant worker’s union).

    The real reason things are so cheap in China is that it has spent the last 50 years building its productive capacity specifically so that commodities can be affordable for everyone, and everyone has a job that will allow them to afford that. The US, on the other hand has spent the same period ensuring the entire economy works to enrich a few people at the cost of everyone else.

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  • [–] 1 point 2 months ago* (last edited 2 months ago)

    Lmao China has both minimum wage

    No, there is no federal minimum wage in China, and the provincial ones are lower than any western country.

    and worker’s unions (literally the CPC can be considered one giant worker’s union).

    Sure, in the sense that they also have a "democracy" where only one party is allowed. If you believe their propaganda, I have a bridge to sell you.

    The real reason things are so cheap in China is that it has spent the last 50 years building its productive capacity

    You mean because western capitalists have spent the last 50 years building its productive capacity.

    Do you really think they're going to let the people have any control of that?

    ensuring the entire economy works to enrich a few people at the cost of everyone else.

    And China copied that and took it to the extreme. Why do you believe their propaganda so easily? Are you Chinese?

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