General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About

HomerOJSimpson
Wendover Productions
comments

Comments by "HomerOJSimpson" (@Homer-OJ-Simpson) on "How Mexico is Becoming the New China" video.

As someone that works in manufacturing, I can say the tariffs don't 'help' the US bring jobs back but they did help us start looking at other options than China. It's a long process though. Our company itself was assembly products that were getting 25% tariffs in China yet we saw little increase in sales though for the parts we used, we did begin to buy more from Vietnam and India. Overall, China was just slowly losing out to Vietnam, India and especially Mexico. I had a another job a company making similar products and they eventually ditched their small China factory and built one in Mexico. These things take years though. Even for an OEM to just to replace an existing supplier in China with one from another country, you need to order samples (can take weeks or months for delivery), test it (can take many months or even over a year), possibly re-sample many times until you get it right, then you need your customer to then test your product that has the new component and that could take months. Overall, a switch to a new supplier generally took us between 10-24 months to just get the new component approved depending no how important the part is to the function of the product. Usually the first order will have some 8-16 week delivery lead time so now you're looking at 12-28 months between placing first sample to getting first production delivery.
490
I know someone that works for paypal. They pay more in Mexico than India and Philippines for the same job at the same 'level'. Maybe it varies by industy?
246
Faster growing economies will always have increasing inequality. That's how you basically have to grow. That doesn't mean the government shouldn't address those concerns but just that increased inequality is expected. >and the government in Nuevo Leon has failed to address the issues of housing, transportation and enviromental concerns for the local populatio That seems reasonable things to be concerned about or want addressed. One thing that holds back Latin America a lot are policies that are just basically giving money away rather than trying to bring i more foreign investment and keeping government spending to the essentials that help people work -- transportation/infrastructure, affordable housing, education. East and South East Asia that have seen a lot of growth basically kept welfare minimal but spend heavily on housing, education, and transportation/infrastructure.
146
@TheAmericanDeagle There probably isn't a better place in Mexico than Monterrey for the average Mexican, financially speaking
55
@ricardomarin487 Worth ethic is a big factor. You need people to work hard, especially when they country is still relatively poor. There many places for cheap labor around the world but there has to be many things working for it in order to succeed. Yes, cheap labor and trade benefits are a big part but also work ethic and sound government policy. India is having one problem from 'work ethic', though some might call it cultural. Something like 20% of women are in the workforce and if that doesn't improve, they will be limited in their growth.
39
@TriStarIII Well, to be fair to OP, the specific things he mentions should be addressed by the government. He didn't mention welfare. LATAM has problems because they often just want to give money away.
31
@Steve-bc2cl Literally my point. yea, cost of living is cheaper in Philippines and India which is why PayPal pays less. Thus OP statement doesn’t jive unless it’s specific to that industry. Which could make sense since India and Phillipines with their high rate of English speakers have built customer service industries up which would make it more expensive
25
@Zaydan Alfariz Indonesia inequality or GINI is 37.3. It was 33 in 2005. It was 28.6 in 2000. So it actually rose, though it did begin to see small decrease since about 2015. China's inequality has risen. Mexico's GINI has slowly declined. They generally tend to increase early on and then stabilize or slow decline when they hit middle income.
16
@NeostormXLMAX "china is switching out of the manufacturing focus," And struggling to do so! China is now expected to have an annual GDP growth of around 3% for the next 20 years. When Taiwan, South Korea and Japan were at the same GDP per capita that China is today, they had approximately 7% GDP growth for the next 20-30 years! That's a massive failure when compared to it's east Asian counterparts. >just like how the united states was a massive manufacturing country in the 1930s till 50s, Except the US was already upper income country at that point. China is not close to even it's East Asian counterparts who have 4x higher GDP per capita.
15
@dinte215 China is mostly entirely domestic market, ranked 12th in export value. Mexico is mostly an exporter of automobiles. By value in billions of USD in 2021: 1. Germany 139.1 2. Japan 85.6 3. USA 54.7 4. South Korea 44.3 12. China 22.4 By number in millions: 1. Japan 3.0 2. Germany 2.4 3. South Korea 2.0 4. China 1.6 5. USA 0.97
14
@aaamint9981 China paying for likes. Funny thing is I just saw the number of likes just go from over 4k to 3.7k so something fishy is going on. EDIT: and now 3.3k. I think YT realized some machine was liking the same comment....now it's 3.0k
12
@kindlin As an artcle explains: "Mexico’s President Revamps Welfare, Handing Out Cash to Millions. Overhaul leaves some of the poorest households with limited healthcare access and reduced aid for fighting childhood malnutrition. President Andrés Manuel López Obrador has drastically revamped Mexico’s welfare system—distributing more money to more people. But development experts say the new programs overlook some of the country’s neediest families.". This is what I meant that it's often used to buy votes rather than what's best policy.
10
@tren133 Yes, the are seeing the biggest increase in exports to Russia. On EV's, they are exporting Tesla as well which account for 40% of the EV export in 2022. I cannot find any data on value of exports for 2022 or 2023 YTD
10
@tren133 Regarding subsidies China gives Tesla: - The subsidy accounted for around 3% to 6% of the cost of the best-selling electric vehicles in China last year, a Reuters analysis found. - The subsidy, paid to the automaker at the point of purchase, began in 2009 and was scaled back over time. It paid out nearly $15 billion to encourage EV purchases through 2021, according to an estimate by China Merchants Bank International. Another article: - Tesla may be operating a wholly-owned factory in China, but the company became the most heavily subsidized electric vehicle maker in the country in 2020 nonetheless. Last year, Tesla China received CNY 2.1 billion ($325 million) in government subsidies for new energy vehicles, the highest amount granted to a carmaker in the country. - Following right behind Tesla was BYD, which was the second most-subsidized electric vehicle maker in China last year. BYD received CNY 2 billion worth of subsidies for selling 117,000 qualified EVs in 2020. Overall, China granted subsidies for 584,900 new energy vehicles last year, a 12-fold increase from 2016. During this period, sales of electric cars in China increased 27 times to 13.7 million units.
10
@bandidosantiago231 China paying for likes. Funny thing is I just saw the number of likes just go from over 4k to 3.7k so something fishy is going on. EDIT: and now 3.3k. I think YT realized some machine was liking the same comment. .now it's 3.0k
8
@joaocerceau5810 ", you are only required as low cost labour force, fundamentally, there is no incentive to improve your wages after a certain threshold" and yet South Korea, Taiwan, Japan all became wealthy through this process. And China went from poorest country to middle income. Are your opinions really that void of reality? It's a process every country must take to go from poor to upper income. In that process, the country earns money which it can then invest in it's people and with sound policy can some day reach upper income.
8
@NeostormXLMAX Also, "its delusional to think that china is just going to stay the same as it was in the 80s" is a nice strawman. It suggest that there aren't consequences for China's actions. The chip sanction is indeed hurting China's economy. Countries looking to decouple or de-emphasize trade with China also have an impact. China's April manufacturing data show a contraction of manufacturing compared to March.
8
@tren133 "There is a reason the single Tesla factory in China produces almost as many cars as their other three factories put together.". There are more than 3 factories and Maybe they didn't inform you in China but in 2022, Telsa built a bigger plant in Texas. It's Gigafactory Texas. And Tesla procudes over 2 million vehicles a year and 0.75 million are made in China so that's approximately 30-35%. >Only last year did the US try to enact laws such as the IRA to try to stimulate a EV supply chain inside the US in order to catch up But Telsa builds more inside of the US than in China. And what you explain here about enacting laws is exactly what China has been doing for decades, including giving Tesla generous tax benefits.
8
@tibor29 It actually had 4.4k when I first saw it. It's been dropping and now down to 2.9k. I was also engaged in a conversation with 4 or 5 clearly .50 cent types who all were trying to praise China and say that China is just choosing to to do less manufacturing.
7
@kindlin Yes, some level of welfare is needed but Latin America is known for giving too much when they can't afford it or too much that it drives away business. South Korea, Japan, Taiwan, China, Vietnam all have had great growth (the first 3 moved up to upper income) with only modest welfare to start which allowed the conditions to attract foreign investments. There's a reason Venezuela has been badly run -- they just give out money rather than actually investing it. I did after all mention that building more affordable housing, transportation/infrastructure, and education are key.
7
@TimothyCHenderson "Measuring China's GDP per capita is tricky though ", yes, because they have been known to exaggerate it. In 2007, the then next in line to be leader (Xi would beat him though) said China's GDP numbers are man made and basically just goals. It's actually not hard to measure GDP per capita, it's just that China doesn't want to properly measure it for political reasons. US has perhaps the most reliable GDP numbers and it's the 3rd most populated country. Several studies have also shown that China is likely exaggerating their GDP number by at least 1%pt a year and it's true GDP is anywhere from 40% to 80% of what's officially reported.
7
@tren133 I diidn't say it was over a million BUT " Chinese brands account for almost a third of Russia's car market," up from 9% on Jan 2022. Furthermore " sales should reach around 600,000 for this year (2022) overall.". So that's over 500,000 increase in sales to Russia alone in 2022.
7
@dontworry6672 100% Chinese bot.China paying for likes. Funny thing is I just saw the number of likes just go from over 4k to 3.7k so something fishy is going on. EDIT: and now 3.3k. I think YT realized some machine was liking the same comment. .now it's 3.0k
6
@afocus China is mostly entirely domestic market, ranking 12th in export value. Mexico is a huge exporter of automobiles. By value in billions of USD in 2021: 1. Germany 139.1 2. Japan 85.6 3. USA 54.7 4. South Korea 44.3 5. Mexico 39.9 12. China 22.4 By number in millions: 1. Japan 3.0 2. Germany 2.4 3. South Korea 2.0 4. China 1.6 5. USA 0.97
6
@Kun..07 "doesn’t matter whether it’s domestic or export oriented." it kind of does for THIS conversation we are having. But China until 2021 or so was building almost entirely dirt cheap vehicles that sell for little. "Without economies of scale, companies will not open plants. " You do understand that factories are built all over the world for vehicles? And that because of the price of shipping vehicles is expensive, manufacturing tends to be close to the market. That's why Mexico is a big car producer -- literally the point of this video. That's why Japanese companies have many factories in north America. That's why the vast majority of China's build is for domestic market and it's exports are Russia next door and Australia.
6
@Kun..07 with 10% of the population, of course they can never match China in total numbers. They don’t have the number of workers to do that. But as per capita, they certainly can. Wikipedia has per capita production of automobiles and last year data is 2020. Mexico was 1.5x higher than China. US almost 2x higher.
6
@tren133 "Tesla in no way produces 2 million cars a year. At least not yet. " You're right, that's the current capacity. China's plant is 1/3 the total capacity. Tesla opened up a HUGE facility in Texas and another factory in Germany in 2022. In addition, they are in the process of building Gigafactory Mexico for 2024 opening. That means a smaller and smaller share of of what Tesla produces will be from China. The point is you were very misleading with ". The EV value chain inside China is just that much more advanced than anywhere else in the world. Only last year did the US try to enact laws such as the IRA to try to stimulate a EV supply chain inside the US in order to catch up, " The US is part of NAFTA (or whatever the name is now) so a lot of it's productions are across 3 countries. Tesla already had the same capacity in the US as it did in China BEFORE the "IRA to try to stimulate a EV supply chain inside the US in order to catch up". And a big reason Tesla is building in China is because the tens of billions in subsidies they have received. >As for Russia, I'm certain Chinese exports now make up a higher percentage of the market, but that's due more to overall market crashing and western carmakers pulling out rather than Chinese carmakers sending more cars in That's kind of my point. That 600,000 of that increase from 2021 to 2022 was from sanctions on Russia. >Even if the Chinese now hold 50% markeshare inside Russia, that would still only account for a small 5-6% of their total export numbers. I dont have figures on the value by country but in 2022, Russia was about 20-25% of the automobile exports for China. 600k out of about 2.5 million or 3.1 million vehicles. (I'm seeing two different numbers). (edit: 2.5 million is passenger vehicles, 3.1 million include commercial vehicles).
5
@cgmason7568 All the China accts show up whenever a story includes China.
5
@StayActive98 I think I got what your saying, yes many people from China using VPN to come here or are living abroad. Many of them get 50 cents (RMB) per post but some just do it for the glory of China.
5
@ktbushway China paying for likes. Funny thing is I just saw the number of likes just go from over 4k to 3.7k so something fishy is going on. EDIT: and now 3.3k. I think YT realized some machine was liking the same comment. .now it's 3.0k
4
@StayActive98 What newsflash? I know all of that, what's the relevance?
4
Yes they are. Look at the comment "X1 Gen KaneshiroX". It's the top comment and it's basically "As an American, I prefer China grow more economically can Mexico". It had 4.4k likes. Then seconds later, 4k. Then 3.3k, then 3.0k then 2.9k seconds ago when I checked. Bought some likes and YT caught on.
3
Hey, it's the SEE SEE PEE account! How are you X1 Gen KaneshiroX? Buying up the likes for your comment?
3
@dianapennepacker6854 Brazil has a combination of cheap labor and decently educated and nice cities along with good natural resources. They really should be doing far better. Philippines is probably going to be more service sector -- since a lot of them speak English, they are often involved in customer service, accounting, etc.
3
@EebstertheGreat " You aren't wrong, but the way you wrote it is a little pessimistic" Because @João Cerceau actually is wrong in what they are suggesting.
3
@haochengzhai7156 "Delivery 12-28 months,". Did you not read the whole comment? I'm guessing Chinese is your first language? I said it's 12-28 months from the day a decision is made to order samples to the day the first full producition order is received. In between it's lead time of samples, testing of samples, having to re-order samples if needed, having our customer (the end product) test it and qualify it, getting every approval and ordering the first production order, lead time of that first production build, and then the delivery lead time which if it's from Asia is 4-6 weeks in transit and if from Mexico 3-5 business days.
3
@haochengzhai7156 so many see see pee 50 cent here.
3
@widodoakrom3938 "china manufacturing capabilities far higher than both". Oh, so 50 center doesn't think Vietnam and India are growing their manfuacturing? Or Mexico? China got that business at the start because they were very low cost and Vietnam & India are doing the same -- they are now the very low cost places.
3
@后宫后 " China will replicate everything from the West and use its own system for rapid development.' Unfortunately they aren't succeeding as well as South Korea, Japan, and Taiwan. China's annual GDP growth for the next 20 years is expected to be about 3%. When SK, Japan & Taiwan reached the same GDP per capita that China has today, those 3 countries had average growth of 7% for the next 20 to 30 years! China's sheer size of course means more industry but on per capita basis, they will not come close to those other 3.
3
@tren133 China is mostly entirely domestic market ranking 12th in export value. Mexico is a huge exporter of automobiles, ranking 5th. By value in billions of USD in 2021: 1. Germany 139.1 2. Japan 85.6 3. USA 54.7 4. South Korea 44.3 5. Mexico 33.9 12. China 22.4 By number in millions: 1. Japan 3.0 2. Germany 2.4 3. South Korea 2.0 4. China 1.6 5. USA 0.97
3
@dearcoolz China exported lot of low price costs. Germany still exported more on value. Based on your comment in this thread, are you enjoying Beijing? I'm guessing you cannot admit that millions of Uyhgurs have been sent to con.c c.mps.
3
@dearcoolz Hmmm...you cannot admit that China has sent millions of Uyghurs to some conc facilities? As expected. And the giveaway was you were ONLY defending China AND using typical talking points of the party. Who sings 'In da Club'? That's your favorite rapper.
3
Overall a well balanced and thought out video. Mexico is indeed prime to be the next China, though 1/10th the population. But the Mexican president AMLO is actually a hinderance on that as he has been somewhat anti business in many policies. He certainly isn't doing much to help which was highlighted in the video. With the right president and federal government, I think Mexico can realize that potential and start seeing big improvements to the economy. The time is now for them to act. 10 years from now, the dust will be settled and it will be difficult for Mexico to gain new industries at that point. So glad the Mexican states are taking on the responsibilities to attract the factories.
2
@twerkingfish4029 完全同意这个五毛
2
@rubyfornewbies6744 Yes, I called out the See See Pee account and you have issues of me information others about that? Oh, another See See Pee account! How is Beijing today? Want 50 more cents?
2
@jesusgerardomorales5124 He's not scared, he's Chinese -- paid.
2
@dianapennepacker6854 Yes, Vietnam is already fast growing. One of the fastest in Asia the past 15 or so years. Philippine I see online that service sector passed up manufacturing and the biggest part of service is "Business Process Outsourcing (BPO)". Definition: Business process outsourcing (BPO) is a method of subcontracting various business-related operations to third-party vendors. Broadly speaking, companies adopt BPO practices in the two main areas of back-office and front-office operations. Back office BPO refers to a company contracting its core business support operations such as accounting, payment processing, IT services, human resources, regulatory compliance, and quality assurance to outside professionals who ensure the business runs smoothly. By contrast, front office BPO tasks commonly include customer-related services such as tech support, sales, and marketing.
2
@haochengzhai7156 what should be out of the market? You don't eve know my industry and how much testing there has to be. I'm talking about electro mechanical parts, not screw drivers or something simple.
2
@haochengzhai7156 they last forecast china to have 4% gdp growth 2023-2029 and dropping in 2030’s. What is that supposed to show?
2
@haochengzhai7156 “I am chínese” is the most obvious statement from a 50 center
2
@widodoakrom3938 Getting .50 cents a comment?
2
@widodoakrom3938 "Samsung their profit plummeted 96% bcs they moved their manufacture factory from china to India and Vietnam" Got 50 cents for that false claim? Sales dropped as customers bought up fewer cell phones and laptops.
2
@lord_of_love_and_thunder Does Widodo Akrom believe Samsung profits fell by 96% of the production move? Probably not, just paid 50 cents to post it.
2
@后宫后 what are you even suggesting or arguing with SK 1, Japan 10 and western world are 80? What are those rankings or numbers? And where does China fit in those ranking or numbers?
2
@xiphoid2011 It is a CCP account. It somehow received 4.4k likes...then it dropped to 4k then dropped to 3.3k then to 3k then 2.9k now at 3.0k .They bought votes and YT was able to partially catch them so removed many of the likes.
1
@rubyfornewbies6744 Interesting how you have no other comments ever in this channel -- how did you end up here? You're not a subscriber to the channel. So 50 cents or just given a link to this page to defend the other China accounts?
1
@StayActive98 his account (aaa mint) was started Feb 2020. That’s when pandemic started and China began a massive campaign to spread false news online to defend China. Lots of YouTube and Reddit accounts created in early 2020 that defended the ccp
1
@ToneHelix97 they bought a bunch of likes. They had quickly got up to 4.4k likes and then YT started taking some away and it was brought down to 2.9k within a few minutes. They moved it back up to 4.9k with more bought likes
1
@napalmholocaust9093 OP also bought likes
1
@aaamint9981 1000 likes in 19 minutes? Wow. Well, I saw it go from 4.4k to 2.9k in 2 minutes dropping a few hundred each time I reloaded the page. Then it stopped at 2.9k for an hour. I comeback another hour two later and it was back to around 4k and now it's been stuck at 4.9k for the past 24hrs. YT appears to have removed a lot of the likes but then they bought new likes.
1
"china is switching out of the manufacturing focus," And struggling to do so! China is now expected to have an annual GDP growth of around 3% for the next 20 years. When Taiwan, South Korea and Japan were at the same GDP per capita that China is today, they had approximately 7% GDP growth for the next 20-30 years! That's a massive failure when compared to it's east Asian counterparts. >just like how the united states was a massive manufacturing country in the 1930s till 50s, Except the US was already upper income country at that point. China is not close to even it's East Asian counterparts who have 4x higher GDP per capita.
1
@gerardocorcuera There is a balance but if you just keep giving money away rather than investing it in creating jobs and creating workforce, you will forever be stuck in poverty. Government should provide very basic welfare initially -- make sure they have access to healthcare, have access to affordable housing, and make sure they aren't starving. The rest should be spent on infrastructure, education, tax breaks to draw foreign investment, public transportation. Only as the country gets richer can they start to afford more than the very basic necessities. And staying on AMLO, his business policies are often based on supposedly trying to keep workers in the government owned industries rather than trying to actually develop those industries. That's an indirect way of 'giving money away'. He's increased nationalization of several sectors. This is especially a problem in a country with lots of corruption.
1
@deenil I’m referring to welfare beyond the very very basic needs. Context difficult for you? Notice I didn’t say “I wanna eliminate welfare”
1
@deenil everyone online is either very right wing or very left wing. Annoying
1
@tikos7704 Yes, they need to address those issues where they can but at the same time keep the economy growing and keep getting foreign investment.
1
@mikemiller659 You either have to have cheap labor or have very well educated population. Or strike oil rich. so poor countries move up on the income ladder by making their cheap labor more easily available for foreign investors, that drives up wages, the govt then (or should) continue to invest in it's people so that as labor costs rise they have other things they can offer. Eventually if all works out, they will be like Singapore, Taiwan, Japan, South Korea and a few others that went from poor to high income nations
1
@mystorey Are you referring to my comment "East and South East Asia that have seen a lot of growth basically kept welfare minimal but spend heavily on housing, education, and transportation/infrastructure."? Thailand & Malaysia also in SE Asia. Possibly Taiwan if that's SE Asia. I was referring to most of the countries basically from Singapore & Malaysia east and up to Japan and South Korea.
1
@HABHDAY I worked with a company with factories in Mexico and use to go often. I also go often to Mexico for leisure. Not an economist, lol, but I do enjoy consuming economic and business related content and have experience working with manufacturing companies that have had factories in Mexico, China, Vietnam, Taiwan.
1
@joaocerceau5810 " they used a ton of government investment in basic research, and creating their own companies," Which they afforded by not having a big welfare state...and they mostly only created their own companies AFTER attracting a lot of foreign investment by keeping their overall labor costs low (i.e. low taxes that can be done because of limited welfare, savings from not requiring companies to have to pay too much for employees). "all of them locked in the middle income trap.". China is stuck on that. Their GDP growth is not expected to be around 3% on average over next 20 years with GDP growth expected to be near 2% in 2040.
1
@maxheadrom3088 I've read up on this though everyone has their opinion. In short it's Mexico just let the cartels slowly take power and corrupt much of the government. Then in the 2000's they were pressured by the US to do something about it but it was too late, the cartels had too much power, too much money, too involved in governments and police, etc. So it was hard to take them down and when they did take down some leaders, that caused increased fighting over who will take control. It just keeps repeating. Take out the top guy, a turf war ensues. And when they (govt/police/military) are trying to stop their activities, the cartels know their moves often and don't get caught or are ready for a battle.. They know their moves because much of the govt and police force are on the payroll of cartels -- some willingly and others forced to cooperate. Same problem exist with gangs in many US cities.
1
@joaocerceau5810 " after some time, they will reach a limit in witch no company or foreign agent will just keep improving their country. After that they have develop more on their own,'". yes, that's how a country can escape the middle income trap. They need to develop their own . >China and India have a scale and a development problem on their own, I don't see that problem. A larger country means more opportunities to try things or more investment opportunities. It's far easier for a country with 1.4 billion people to develop some company or industry than a country with 50 mil, in large part because a 1.4b country has huge domestic market that can prop it up and then it could become a global company with that economy of scale they had due to 1.4 billion domestic market. Look at BYD electric vehicles. Started out selling in large volume inside of China and now spreading globally. China's problem now and moving forward has to do with some decisions they made. One child policy has lead to a population decline and a big drop in working age population with increase in elderly population is going to happen over the next few decades. Fewer workers means lower GDP potential and more elderly (to each worker) means more of the resources will be spent on economically unproductive things such as support for the elderly. China has also scared away a lot of investors in recent years under Xi. Then their housing market which was just a pyramid scheme is crumbling. It was responsible for 30%+ of GDP since 2000 but it's going to be far less going forward. India is too early too tell. They are seeing 7-8% annual GDP growth for several years now. Can they keep it up? Time will tell.
1
@SOY-MEXAR Guanajuato (the city) is beautiful!! I loved it. But the rest of the state has a lot of violence.
1
@brunchmuncher51 你在北京工作吗
1
@lorenkelley1568 The Juice is Loose. D'0h!
1
@haochengzhai7156 Motors. They need parts from China. DO you know any of this? I'm confused because it seems like you are defending China but also not defending China.
1
@haochengzhai7156 It seemed like you're trying to defend China but with arguments so bad it actually makes China look worse.
1
@haochengzhai7156 China's factory activity unexpectedly contracted in April as orders fell and poor domestic demand dragged on the sprawling manufacturing sector, a private survey showed on Thursday, imperilling the broader economic outlook for the second quarter.
1
@haochengzhai7156 Goldman Sachs say 4% growth this decade, half of last decade. And that’s before April manufacturing data of China showed a decline. So 50 center says all that is good!
1
@haochengzhai7156 Aww, 50 center upset China's economy not doing as well as he was told by owners, See See Pee?
1
@widodoakrom3938 What's the joke? I don't get it?
1
@后宫后 Yes, South Korea, Taiwan and Japan did that as well. They have actually achieved upper income level. Mexico is sort of trying...
1
@widodoakrom3938 "only slightly cheaper". Direct labor cost The national average labor cost is $0.92/hour in India and $3.52/hour in China, Widodo doesn't know facts.
1
@StayActive98 Obviously 0 what?
1
@StayActive98 Oh, got it. lol! I wasn't sure which comment you were referring to. Yeah, if it's 0-100 and 100 is most civilized, if SK is 1 then China is 0.
1
@后宫后 is that 50 cent per post still your going rate?
1
@ArawnOfAnnwn "they've literally ALREADY grown at a higher rate than that,'. Beijing based? Just wondering why this comment was made, seems to not understand the argument and went straight into defending the see see pee. What they did in the past has nothing to do with what they will do moving forward. And 3 to 3.5% is what almost all the estimates put for average annual growth today through 2040, most having China under 3% a year by 2040. A big factor for China is the working age population. It has been basically flat 2012 to 2027. Then it begins it's decline from an estimated 991mil in 2027 to 866mil in 2040 and 767m in 2040. So in 2040, there will be 118million fewer potential workers or 12% decline. By 2050, 217m fewer potential workers or 22% decline. All else constant, that decline in working age population would mean 12% lower GDP in 2040 and 22% lower GDP in 2050 compared to if the population had been flat. But the impact will be more as the reduction in working age population comes with increase in elderly population which will require more of the govt resources to take care of.
1
@ArawnOfAnnwn So Beijing or Moscow based?
1
@ArawnOfAnnwn "one of the most prolific commenters here". Confirming to be Beijing based. Nice! Tracking people is what they do. > trying to discredit everyone with a different perspective from you Literally proved the arguments you made were wrong or misleading. You are arguing that people should just let others (and you) just state wrong information.
1
@ArawnOfAnnwn You have an Indian username to throw people off to think you're not from China. Nice. I've also seen you a lot on youtube so talk about prolific!
1
@ArawnOfAnnwn " you haven't been going around correcting anything" I literally did that for you.And others here too were mispresenting China's economy. "There's data on their growth rate" Yes, and all the forecast have roughly 3% average annual growth 2023-2040 and below that after 2040. What was even your comment in response to my 3% avg annual growth 2023-2040 "- they've literally ALREADY grown at a higher rate than that,"? What does the past have to do with forecast?
1
@brunchmuncher51 how so? Vague comment without backing it up?
1
@pacjam418 I just got a respond from someone from China in another comment chain in this video and it's the same pattern. I know many of them are paid to be here and I guess the rest are just what they call 'useful id..t". The party and their workers come up with talking points, those useful id..t then just repeat it.
1