Th3 Core
Why We Are Here => Economics & Investing => Topic started by: rcjordan on November 30, 2022, 10:29:06 PM
-
China is also no longer cheap. Wages have skyrocketed, with the average factory worker making $6 per hour on average in 2020, up from less than a dollar in 2006. The average wage of a Chinese factory worker will very soon surpass the U.S. federal minimum wage. For comparison, the average rate for a Mexican factory worker has stayed stagnant at $2 per hour.
Apple’s Chinese Dream is over | Semafor
https://www.semafor.com/article/11/30/2022/apples-chinese-dream-is-over
Tidbit: Taiwan-based Hon Hai Precision Industry, better known as Foxconn