Message from @hcaez
Discord ID: 533742192280338432
thats what happened in China over a decade ago
No the market will have to readjust
people work for cents per day
China was never capitalist
and still isn't
it's an unfree market today
okay what about all the other countries that have cheap labor
cambodia
Still
unfree
free market, but low wages
not even close
Search for cambodia
People can’t survive right now with 8 an hour
Families need to have more than 3 jobs to survive now it’s sad
They would if dumbass Keyneisans let deflation happen
but of course not
oh in their data hong kong is #1
yea
Hong Kong has one of the highest incomes in the world
not to mention there is a min wage
It doesn't come from there anyways, it comes from China
It's why Hong Kong had such a rapid expansion
yes the min wage is 32.5 HKD
which is roughly 4 USD
What is that in USD?
Oh so that’s what sidd wants here
scaling for differences in cost of living
Let’s become China good idea
thats less money comparatively
A min wage still distorts the market
But no
If I said China I would say
let's regulate more and have a min wage with higher taxes
But I didn't
according to numbeo, hong kong experiences a higher cost of living compared to the US
Yes
with lower wages