Source

edit : didn’t mentioned that the interest i saw with the graph above was that it’s usually considered cheaper to work in China, and that developing countries need to ‘be competitive’/‘lower their salaries’ in order to attract investments. This graph points out to the existence of other factors than wages in order to ‘be competitive’/‘attract investments’. Perhaps that a country should( somehow) become wealthy enough to enable its own capitalists to invest in machinery, leading to ‘higher salaries’/‘more (productive )investments’/‘higher competitiveness’, i.d.k. Still don’t know as well how China escaped the trap that every other country fell in.

  • Ronin_5
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    1 year ago

    Re Mexico, It wasn’t always like this, but that’s what exploitation will do to a country.

    https://data.oecd.org/earnwage/average-wages.htm

    Real wages in Mexico has not increased. And has actually decreased a bit since 2008.

    Edit: you can also find ppp adjustment values on the OCAD website to adjust these wages yourself.