So does this mean that the workers will stop protesting and hurting themselves because they don't have enough work and, instead, go back to protesting and hurting themselves because they are overworked?
So does this mean that the workers will stop protesting and hurting themselves because they don't have enough work and, instead, go back to protesting and hurting themselves because they are overworked?
Basic economy: Anyone’s earning is another person spend. A society whose populace earn low salary cannot sustain itself much longer.
Basic economy: Anyone’s earning is another person spend. A society whose populace earn low salary cannot sustain itself much longer.
Not true at all. There are many factors that enter into the equation. China is going through what Japan did 40 years ago. They took on a lot of low-paying jobs in order to get all their people employed and then worked on improving their skill sets and upgrading the available jobs. It's hard to find a low-paying sweatshop job in Japan today and their economy is quite solid overall.
China is doing the same thing. First goal was to get everyone employed. Next goal is to educate as many people as they can and take on more of the value-added supply chain. Eventually (actually, this is already starting), they will be value creators rather than just assemblers.
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Quote:
Originally Posted by Carson O'Genic
So does this mean that the workers will stop protesting and hurting themselves because they don't have enough work and, instead, go back to protesting and hurting themselves because they are overworked?
Basic economy: Anyone’s earning is another person spend. A society whose populace earn low salary cannot sustain itself much longer.
Not true at all. There are many factors that enter into the equation. China is going through what Japan did 40 years ago. They took on a lot of low-paying jobs in order to get all their people employed and then worked on improving their skill sets and upgrading the available jobs. It's hard to find a low-paying sweatshop job in Japan today and their economy is quite solid overall.
China is doing the same thing. First goal was to get everyone employed. Next goal is to educate as many people as they can and take on more of the value-added supply chain. Eventually (actually, this is already starting), they will be value creators rather than just assemblers.