Chinese wages now higher than in Brazil, Argentina and Mexico

"Hourly rates close in on pay levels in western laggards Greece and Portugal
Across China’s labour force as a whole, hourly incomes now exceed those in every major Latin American state bar Chile, and are at around 70 per cent of the level in weaker eurozone countries, according to data from Euromonitor International, a research group.
The figures indicate the progress China has made in improving the living standards of its 1.4bn people, with some analysts arguing that increases in productivity could push manufacturing wages even further beyond what are traditionally seen as middle-income countries. But the fast-rising wage levels mean China could also start to lose jobs to other developing countries willing to undercut it."
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Does this statistic account for the massive amount of government-supported black labor?

The talk around bourgies is that Vietnam is the new China. Wages there are so much lower that companies currently in China might start moving to Vietnam. I saw a bourgie economist in local TV praise Vietnam for its economic reforms, which translated from bourgie-talk means they can now get more surplus value from the Vietnamese working class…

I am pretty skeptical of these claims. I heard Cuba had a "burgeoning middle class" but that it was a much tinier fraction than Western middie classes, and with significantly less purchasing power.

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ft.com/content/f4a260e6-f75a-11e6-bd4e-68d53499ed71

So this is also juxtaposed against falling wages in countries. It also doesn't factor in relative costs of living (the article says) which would then favor Chinese wages in terms of relative wages against high wage countries. But, I wonder how prices in China have changed over time, if they've gone up, the wage growth wouldn't be as significant.

Vietnam has an economy similar to China.

Tfw Chinese social-imperialism is the most successful type of imperialism of all time.

...

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childhood is idealizing Mao, adulthood is realizing Deng makes sense

What everyone is missing is that China is going through a process that took America and the rest of Western Europe about 200 years to go through in about 50 years and this is going to create one of the biggest economic bubbles ever created to pop and once it finally does say goodbye to China as we know it.

More like the world as we know it. The shockwaves from that crisis will bring down every economy on earth.

Deng was actually several layers of accelerationism higher than anyone else could perceive.

This will taper off in the next decade as their economic growth slows down and they begin financializing and deindustrializing their economy (which they will have to do as it is the next stage in the development of a capitalist economy, something Trump/Bernie don't understand at all)

The true genius of the Communist revolution, appreciated by no one.

Like bc their jealous of China? Or what?

So you know how a lot of Third World countries are pro-US, or have a lot of US capital invested there? What are the Chinese equivalents to that?

Africans quite like the Chinese because instead of bribing government officials they'll build infrastructure, not sure how fond of them they are at state level though but the Chinese must be giving them good deals to take it over the wads of cash and sports cars the west offer.

told you about market socialism

Is Deng the ultimate Khmer Rouge?

It's not that the economy is dependent on manufacturing, though maybe Trump thinks that. Manufacturing provides a decent paying job for people who are, to be blunt, too stupid to learn programming or STEM or whatever. There are a lot of these people in the world, and their job can be most cheaply done in a third world country where labor costs are lower.

Alternately, maybe most jobs shouldn't be high-skilled professions that take years of training to get an entry level position.

Advanced productive forces make this a whole lot harder, especially in a wealthy country. Plenty of people complaining about the lack of manufacturing jobs also turn down construction work for 30+ dollars an hour, at least according to my uncle who is a builder. Apparently they just won't show up to work on time or pass a drug test even when told weeks in advance.

Wrong: theguardian.com/commentisfree/2016/may/18/making-things-matter-britain-forgot-manufacturing-brexit

To be precise I should have said "the health of the US economy isn't contingent on large-scale manufacturing employment". Only about 10% of US workers have a manufacturing job.

What country is big enough to take over the production of 1.4 billion Chinese?

Found the Americans.

This isn't the board for neoliberals. I have people coming in everyday and asking about jobs that pay close to the min wage where I work. Most people working there would leave behind their shitty service jobs in a heartbeat if any manufacturer in the area paid that kinda money for an entry position, it really is about the money, at the end of the day. That's 3 times what I make now, I wouldn't hesitate to take that and I'm native born.

I'm gonna need a better source then that.

when will a radical left movement arrive? even the leninists showed themselves as social democrats there's no hope left ;-;

Burger here, do you think about the Portuguese Hoxhaists? ciml.250x.com/shwm/portuguese_shm.html

*what do you think

Tfw asia is advancing faster than the west

its not wrong though. China is sitting on a MASSIVE housing bubble, many others too, probably.

Not that guy, but also Portuguese.

Whatevr that is, it's such a non-thing I can't even be sure it exists. The website looks tinfoil-tier.

Why don't you and the other Tankie form the movement you want?

That's interesting, what does exist in Portugal? And can you find out whether they exist for certain?

ARGENTINA MENTIONED

VIVA PERON

LAS MALVINAS SON ARGENTINAS

Well you have 2 options for those kind of jobs: Protectionist tariffs to raise wages, or Socialism.

Will it even work? And secondly capitalism is shit even if the pay is okay.

There's a tradeoff: Everyone who doesn't work in a manufacturing plant has to pay higher prices for goods, since other countries are going to retaliate with their own tariffs on American imports. Another option could be an autarky I guess.

Even some other neoliberal countries have done better with manufacturing employment, like Germany.

Wouldn't that also mean that your standard of living declines, at least for a brief period, even as a factory worker, as you too are also a consumer?

Your uncle is flat out lying, that's a crazy amount of money

Structured the same as China but about 10-20 years behind in development and wage growth.

Supply and demand. Someone with a CDL who can drive a large truck or backhoe could be worth that much, especially where labor is that tight and the alternative is to pay the client daily late fees.