this post was submitted on 13 Sep 2023
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Informed Tankie

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Damn, is that the power of machinery or... ? (lemmygrad.ml)
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
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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.

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[–] [email protected] 11 points 1 year ago (1 children)

Didn’t adjust for ppp. But even adjusted, rip Mexico.

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago) (1 children)

Didn’t adjust for ppp.

Good point, and possibly not taxes as well. Here's what i found for the median salary adjusted for p.p.p. :

Since the estimation of the purchasing power takes into account the cost of living, i don't think that i've truly realized until now how much it's beneficial to work in the west, everyone know that western salaries are higher, but we somehow assume that it's compensated by the price of living, unseeing the obvious injustice here(, the kind of inequality we wouldn't understand/tolerate for two workers living in the same street). That's neo-colonialism(, if it was the success of capitalism, as we often hear, and we're just jealous of the west, then it's manifestedly not enough for countries from the global South to have been capitalist for many decades).
And it's amplified by the fact that the gap, being even higher not adjusted by p.p.p., enables our capitalists to pay less for their (non-)human ressources.
Africa is a whole continent, yet don't have a single successful multinational like Samsung, or Huawei, or Nintendo, same for South America, the Middle-East, India, etc., the common thought is that it's only a matter of a few decades before their apparition, but i wonder if they didn't already thought that in the 60s with Japan's arrival, yet only South Korea appeared on our markets since, so i.d.k. if optimism is realistic, but i sure hope so.

rip Mexico

Indeed.

[–] [email protected] 6 points 1 year ago* (last edited 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.

[–] [email protected] 3 points 1 year ago

China still has the competitive production costs because its labor productivity grew in lockstep with wage growth. So one operator making 10x as much product can be paid 5x as much wage and be cheaper per unit than an operator in a country where they make 1x product and are paid 1x wage.

[–] joneskind 1 points 1 year ago

Minimum salary in France is 20,814.73 €, or $22,271.76

Production workers/Machine operators are considered skilled workers. They earn 27,567 € on average. $29,496.69.