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John L.
Asianometry
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Comments by "John L." (@johnl.7754) on "Why Are Taiwan Salaries So Low?" video.
For better or worse when wages no longer rising then many politicians (worldwide) will focus on nationalism. I think Taiwan low wages as you said is due greatly to being so close to China and having similar culture/language so it is easier for the brightest to open up their business or to work in China especially since China government gives many incentives to attract those individuals.
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But by the time they retire your generation will probably want to keep things as currently is since your next in line and would like to keep it as it has been. Sadly worldwide things will not change without major war, depression...to shake things up.
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when income rises to a certain degree I think people start comparing themselves to others around them or more recently what they see on tv/internet. Also USA wages may be higher (compared to much of world) but so is much of the necessary expenses like education, medical, housing...which is why some Americans are retiring overseas.
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