How is this illegality enforced? Last I heard 996 was still required.
How does a weak currency make the lives better? Are you arguing in the long run? If so, how long? At the moment the weak currency makes exports into other countries cheaper for them, but imports into china more expensive. Or, phrased differently, Chinese workers work partly for the rest of the world.
Oh yes. Very big improvemts I agree. Germany also had a big rise in living standards from the 50s to the 80s.
However that doesn’t tell you whether the is the main goal of the country.
And since I see developments against the 996 work culture I don’t see that the well being of the people of the number 1 goal.
Sure. It’s our freedom fighters and then the terrorists of the other side. Do people like you never start to think?
Who exactly is encroaching faster against the other? Russia by occupying parts of ukriane, or EU/NATO by extending multiple countries east?
How can you call for elections in such a time of great need? The democratic elected PRESIDENT of Ukraine can not allow elections right now.
I agree that inporting labor doesn’t help the Germans. But it helps Germany. For me the state and it’s people are not the same.
Now since this is a post about china. Obviously the Chinese state isn’t doing everything in their power to make lives of everyone better. Then they wouldn’t have a rich elite, a weak currency and 996 working conditions.
I don’t think this is always true. Or, maybe you phrased it weird.
German immigration of cheap labour for farming only works because they would earn even less in their countries, i.e. their wages still go up. Yes, it keeps the wages inside Germany lower, but this profits Germans and the German state.
Then there is also immigration as in Australia “qualifications” based, where the immigrants earn vastly more than the locals. Do you mean this?
Why would people brainwashed by capitalism move to china?
And large scale is always relative. The post speaks about 20k residents. Even 20 million would be negligible in china.
The last I heard is from my girlfriend who worked like that last year. So no. It’s still there.
In your second paragraph you mix up stuff. There is a relation between inflation and the strength of the currency, of course. But that food prices in the us grow by 33% (jsut taking your numbers) is not because of currency exchanges. Don’t look at some small figures.
Maybe look at something like that: if a country exports 10% of GDP and imports 10% of GDP, then a currency change by 1%, which does not influence the trade too much changes the good available by roughly one percent. How this is distributed depends on the policies of the countries of course
In Germany the relatively weak currency due to the euro zone created one of the biggest exports markets ever, however the profits didn’t go to the workers but to the factory owners. What happens in china?
China has a trade surplus of 5,5% of GDP. What does this mean? Of 100 goods that are produced in china only 94,5 remain there. Or in other words the Chinese people give net 5,5% of their working power to the rest of the world. So yes, they are currently being exploited. So why does the government do that? Of course with the added foreign currency reserve they can in the future turn it around and equalize, but currently they are holding back the consumption possibilities of the Chinese people.