That’s a dumb argument, labor in the 80s when we started to shift heavily into China was factually orders of magnitude cheaper and they had almost no labor regulations. Now sure they have more protections but that isn’t reflective of years gone by.
Labor protections are necessary and good, however China also has more robust social welfare in general, that’s less cost out of their pocket meaning their wages don’t necessarily have to be as high to have a similar standard of living elsewhere.
Not saying they do, but on the whole they don’t have the same level of disparity we have in the US for instance.
That’s a dumb argument, labor in the 80s when we started to shift heavily into China was factually orders of magnitude cheaper and they had almost no labor regulations. Now sure they have more protections but that isn’t reflective of years gone by.
Labor protections are necessary and good, however China also has more robust social welfare in general, that’s less cost out of their pocket meaning their wages don’t necessarily have to be as high to have a similar standard of living elsewhere.
Not saying they do, but on the whole they don’t have the same level of disparity we have in the US for instance.