[ExI] undercover at Walmart

[Stathis Papaioannou]

2009/2/13 Rafal Smigrodzki <rafal.smigrodzki at gmail.com>:

> ### The labor of a worker in China is much less efficient, on average,
> than the labor of a worker in America (whether it is a Chinese or
> American worker is almost irrelevant here). This is the reason for the
> low cost of workers in China - they offer little, therefore they
> cannot demand much.

If that's true then manufactured items from China would not be any
cheaper than American produced items. It would take, say, twice as
many Chinese workers each earning half as much as their American
counterparts to produce items at the same final cost. Or, it would
take several Indians in a call centre to solve your mobile phone
problem when one American could have done it all by himself.


-- 
Stathis Papaioannou