This is more like inefficiency in sheeps clothing. Being able to iterate that quickly and cheaply relies on spare capacity and people making salaries 10-25% of what Germans get.
This is more like inefficiency in sheeps clothing. Being able to iterate that quickly and cheaply relies on spare capacity and people making salaries 10-25% of what Germans get.
8 years ago, a new unskilled factory worker in china made the equivalent of 700-800€ hourly, with free food and accommodation (this cause issues in rural areas but this isn't the subject).
I assume salaries have gone up soon since, but even if they stagnated, what's the entry-level pay for unskilled factory work in Germany? Just to be sure it's more than 21k.
It’s not that much higher, actually. I just looked at some unskilled production line job offers, and looks like they start at 15-18€ per hour. Scale that to full time, and it’s less than 30k€/year - and of course without the free food and accommodation that you mentioned.
Sorry, don't know why I put hourly (phone autocorrect probably), it was monthly, sorry
Source for this? That sounds insane.
I assume they meant 7-8/hour.
>people making salaries 10-25% of what Germans get.
The likes of Huawei pay their engineers six figure salaries plus tonnes of perks. You're crazy if you think skilled Chinese engineers make only 15% of those in Germany. All their engineers would emigrate abroad if that were the case and they wouldn't be making domestic CPUs and AI accelerators.
> All their engineers would emigrate abroad if that were the case and they wouldn't be making domestic CPUs and AI accelerators.
Maybe, though nationalism may play a role here, especially if they believe themselves to be the underdogs. Not everybody only optimizes for money.
>Not everybody only optimizes for money
Yeah but it's bad faith argument to say they work for peanuts. This is western colonial mindset to assume China's success is due to poverty wages. You can't build a semiconductor industry on that.
Source?