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The End of Cheap Chinese Labor 

PolyMatter
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21 Mar 2023

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Comentários : 3,1 mil   
@PolyMatter
@PolyMatter 11 meses atrás
If you're someone who usually skips sponsor reads at the end of the video, (no worries) but I encourage you to listen to this one, in which I give a little bit of background for why we created Nebula and why it's not just another streaming service. No pressure to sign up, but it might still be interesting to hear about. -Evan
@heidirabenau511
@heidirabenau511 11 meses atrás
Will there be more episodes of China Actually?
@ieaatclams
@ieaatclams 11 meses atrás
No thanks
@KJ4EZJ
@KJ4EZJ 11 meses atrás
I already have Nebula but, respectfully, you should consider putting in some conclusion to your videos. Both on Nebula and with SponsorBlock, they just abruptly end and it is awkward. It feels like something is missing every time. I love your channel and always click on new videos, so I hope you take it as constructive feedback and you grow even faster. Thank you!
@tjakkobosma5872
@tjakkobosma5872 11 meses atrás
@PolyMatter -Evan is kinda corporate, I would drop it
@hongchenfei
@hongchenfei 11 meses atrás
I am a Chinese college student studying in Macau (this is why I can log in to youtube). My impression of Made in China is that almost all the things with visible trademarks around me are made in China, and the really high-end European, American, Japanese, Korean and Taiwan products The product label cannot be seen, because China is responsible for the assembly and integration solution provider, but China is overcoming this phenomenon and manufacturing real high-end products by itself. About housing prices: Regarding China's housing prices, my understanding is: China is a land-oriented economic development model, buying a house = buying national bonds = the country's future prospects. When the country's prospects are all the way up, the house will become more and more valuable, and the repayment of the loan will become less and less, but this will only make the college students/graduate students who graduate later and work more and more painful. Regarding education: It is worth mentioning that the college entrance examination is extremely unfair. China can be roughly understood as having three types of universities: A CLASS, B CLASS, and C LASS. In 2022, high school students in Beijing have a 46% chance of being admitted to A CLASS universities, while high school students in my hometown of Jiangxi Province have a 41% chance of being admitted to A, B, and C universities in 2022. Beijingers get into better universities just because they are Beijingers and their test papers are easier. Supplement: Part of the content is contrary to the content in the video. More and more students can't accept to engage in physical work after studying in college, so more and more people hope to continue to graduate school, to avoid entering the workplace or hope to get a better job, so China's Postgraduate examinations are also gradually creating new records for the number of students. And the graduates/postgraduates contributed a lot to the unemployment rate after the lockdown. On the one hand, the society scoffs at those who graduated from technical secondary schools/college/vocational high schools, and the wages of those engaged in manual work are not optimistic, and they are very tiring. About childbirth: I asked several female friends around me, including girlfriends, that they all resisted childbirth. The reasons include the great pain it brings, the huge damage to the appearance after childbirth, and the hard work of raising children. and time for yourself.
@williamthebonquerer9181
@williamthebonquerer9181 11 meses atrás
I think it's important for people to know that the vast majority of child Labourers work in agriculture not in sweatshops. The same was true in the Victorian era but child labor in factories were more visible to the urban middle class so it has more cultural impact
@shivanshna7618
@shivanshna7618 11 meses atrás
Is child helping on family farm count as child labour? Or only counts if he/she working on others place?
@williamthebonquerer9181
@williamthebonquerer9181 11 meses atrás
​@@shivanshna7618 Thankfully something which is considered a crime against humanity has got legal definitions, a kid driving a tractor in Ohio is different from Uzbekistan child cotton pickers
@VoidEternal
@VoidEternal 11 meses atrás
@@shivanshna7618 Think meat processing plants.
@ellenripley4837
@ellenripley4837 11 meses atrás
This is probably true in some countries but child labor in African countries is a bit different.
@hedgeearthridge6807
@hedgeearthridge6807 11 meses atrás
My great-grandfather who grew up in Florida in the 1950's didn't learn how to read because he worked on farms instead. Especially in the Orange Groves. He was tough as nails though, kept working in his garden into his 70's
@kimothefungenuis
@kimothefungenuis 11 meses atrás
Cheap labour is usually a transitional period, not a permanent one.
@arevolvingdoor3836
@arevolvingdoor3836 11 meses atrás
I think a part of the idea, 15-20 years ago, might have been that if China could make its citizens stop having children, it might be able to encourage them to have more. But thats just my thought, I have no evidence to back it up.
@onesmallstepatthetime6914
Coughs in Bengali*
@p00bix
@p00bix 11 meses atrás
@@onesmallstepatthetime6914 *Bengali and they're industrializing more quickly than basically any other country in human history. They still have most likely a decade or two before sweatshops can be entirely phased out, but they're practically the poster child for cheap labor's transitoriness.
@andrewalltheway
@andrewalltheway 11 meses atrás
​@@p00bix Bangladeshi* Bengali includes indian people too.
@p00bix
@p00bix 11 meses atrás
@@andrewalltheway I know. I'm referring to the Bengali language. There is no 'Bangladeshi' language
@magma2680
@magma2680 11 meses atrás
The end of these videos never fail to make me frustrated and saying "that's it? He was still making a point..."
@yucateco14
@yucateco14 11 meses atrás
It can't be true, China has clean Air, they do NOT pollute the whole planet burning Coal and they don't pillage all ocean sealife at all
@ernstschmidt4725
@ernstschmidt4725 11 meses atrás
get nubula lol
@tomlxyz
@tomlxyz 10 meses atrás
Ikr
@tomlxyz
@tomlxyz 10 meses atrás
​@@ernstschmidt4725 no
@cldeltanion9187
@cldeltanion9187 10 meses atrás
i thought the same thing. he needs to actually END the video, and then transition into an ad. it was very disappointing.
@ryerye9019
@ryerye9019 11 meses atrás
I've lived in China and some of these countries for several years. In many ways labor cannot be fully commodified, so comparing the price of "unskilled" labor across countries isn't an apple to apple comparison. What is priced into the labor are many of the factors mentioned in the video: infrastructure, supply chains, security, quality control, education, market access, and what I call the Henry Ford effect. When your employees are paid enough, they become your customers driving growth and generating what Robert Reich calls a virtuous economic cycle. So cheap labor is good for a export economy, but not a consumer based economy. Some of these countries had many years and a head start on China, so there is another prerequisite factor put under the nebulous category of "political will". China planned and engineered their economic rise, while too many developing countries fight the inevitable or follow wherever the wind blows them.
@luka3174
@luka3174 5 meses atrás
China will too have that wind. Unless they introduce protectionary policies, they may lose their manufacturing to India and other poorer countries. I'm not saying it's all bad, the average joe is much better off and a middle class now exists. Just don't expect that current account surplus to continue, because historically it hasn't. Just like how the English usurped the Spanish with the cheap labour, and the Americas replacing the English.
@viviben8197
@viviben8197 5 meses atrás
The labours being paid much higher is true, but they are not willing to consume is another matter.
@xuanchen3434
@xuanchen3434 5 meses atrás
⁠@@DeadManWalking-ym1oohigh unemployment rate doesn’t mean it’ll stay forever. Young people are realizing the difficulty and turning to labor jobs. New economic circulations are under forming. Unlike most other countries, China has enough control to let people not starve even without economic circulation and eventually get over the transition period.
@petergreen5337
@petergreen5337 3 meses atrás
Well said and well OBSERVED
@NazriB
@NazriB 2 meses atrás
Lies again? Champions League Cheap Athletes
@aliuddinsiddiqui07
@aliuddinsiddiqui07 11 meses atrás
Children, also known as free labour in agricultural societies ☠️
@TheHipClip
@TheHipClip 11 meses atrás
I mean go to any farm now and you'll see the whole family working. It's just the reality of life that farmwork is labor intensive and wages go up, no one wants to do back breaking labor on a below subsistence wage. It's no wonder farmers get so many subsidies, otherwise no one in the West would be profitable
@bababababababa6124
@bababababababa6124 11 meses atrás
PolyMatter has jokes 💀
@hongchenfei
@hongchenfei 11 meses atrás
I am a Chinese college student studying in Macau (this is why I can log in to youtube). My impression of Made in China is that almost all the things with visible trademarks around me are made in China, and the really high-end European, American, Japanese, Korean and Taiwan products The product label cannot be seen, because China is responsible for the assembly and integration solution provider, but China is overcoming this phenomenon and manufacturing real high-end products by itself. About housing prices: Regarding China's housing prices, my understanding is: China is a land-oriented economic development model, buying a house = buying national bonds = the country's future prospects. When the country's prospects are all the way up, the house will become more and more valuable, and the repayment of the loan will become less and less, but this will only make the college students/graduate students who graduate later and work more and more painful. Regarding education: It is worth mentioning that the college entrance examination is extremely unfair. China can be roughly understood as having three types of universities: A CLASS, B CLASS, and C LASS. In 2022, high school students in Beijing have a 46% chance of being admitted to A CLASS universities, while high school students in my hometown of Jiangxi Province have a 41% chance of being admitted to A, B, and C universities in 2022. Beijingers get into better universities just because they are Beijingers and their test papers are easier. Supplement: Part of the content is contrary to the content in the video. More and more students can't accept to engage in physical work after studying in college, so more and more people hope to continue to graduate school, to avoid entering the workplace or hope to get a better job, so China's Postgraduate examinations are also gradually creating new records for the number of students. And the graduates/postgraduates contributed a lot to the unemployment rate after the lockdown. On the one hand, the society scoffs at those who graduated from technical secondary schools/college/vocational high schools, and the wages of those engaged in manual work are not optimistic, and they are very tiring. About childbirth: I asked several female friends around me, including girlfriends, that they all resisted childbirth. The reasons include the great pain it brings, the huge damage to the appearance after childbirth, and the hard work of raising children. and time for yourself.
@gabomarquez2720
@gabomarquez2720 11 meses atrás
​@@hongchenfei 1987
@apsoypike1956
@apsoypike1956 11 meses atrás
Hey, it's a family business. Why shouldn't they learn it at a young age?
@NiklasAndersson7
@NiklasAndersson7 11 meses atrás
Nice video. 20 years late though. I have worked for a multinational company in India. When an entire planet wants to hire labor in Bangalore 'because it's cheap' - that sudden, abnormal demand does something to prices and price structures. We don't live in a vacuum. Same thing has happened in China. It was long ago it was advantageous to hire in those countries.
@OkarinHououinKyouma
@OkarinHououinKyouma 11 meses atrás
Indian labor is unskilled, unproductive, and it might be rude to say, but they are "rowdy"... I heard about the vandalism in Foxconn factory by Indian workers. No wonder companies prefer countries like Vietnam where people are obedient.
@peternuck
@peternuck 11 meses atrás
i had no idea😅.
@iXpertMan
@iXpertMan 11 meses atrás
Do you have a prediction on our expensive future? As I foresee the job market shrink and prices on goods rise with loss of cheap Chinese labour. Any recommendations for avg ppl? :)
@Cheesecake99YearsAgo
@Cheesecake99YearsAgo 11 meses atrás
​@@iXpertMan China is already using AI on the backend Just imagine them operating 247 with AI with all the cheap 5G technologies and industry 4.0 implemented throughout China Can the other cheap labours countries compete ?
@aliabdallah102
@aliabdallah102 11 meses atrás
@@Cheesecake99YearsAgo yes. Easily, because China is crumbling. The rot is beginning to surface.
@AJ-mz6lk
@AJ-mz6lk 11 meses atrás
As a Chinese, I found your content very accurate. A major issue in China is the “state religion of education” forces a lot of parents to train their only child to do well in exams and they are not trained in any other aspects in life. Eventually a large group of graduate students will not have the skill nor the resilience to work as a skilled labor in factories. Factories have to pay way more for the same skill 20 years ago, and this is only getting worse.
@4bidden204
@4bidden204 11 meses atrás
是的,回想起来我第一次坐高铁都不知道应该是如何一个流程,中国的教育更多的是考试而非教育如何学习、思考和生活
@leoli8819
@leoli8819 10 meses atrás
Tell me a country where graduate students have the skills or the resilience to work as a skilled labor in factories
@kelvinc.7531
@kelvinc.7531 10 meses atrás
When graduate students need to work as factory workers, the country's economy is already dead.
@ChucksSEADnDEAD
@ChucksSEADnDEAD 10 meses atrás
​@@leoli8819 Not the point. A high pressure, high stress environment where one mostly learns how to take tests is terrible at producing well rounded individuals. When you hire a new graduate, the intent is that the previous generation will pass down the knowledge before they hit retirement age and it gets lost. The social skills, the ability to think outside the box, etc are just as valuable as tests, but kids don't "cram" for that.
@potdevodka
@potdevodka 10 meses atrás
I think the main objective of this type of education is not to teach them but rather act as a filter to select the best students, due to the disparity between large population and the available resources.
@fugslayernominee1397
@fugslayernominee1397 11 meses atrás
You shouldn't have left out the part about stability and economic policies of nations, there are multiple reasons for why companies do not prefer a lot of African or Latin American countries despite the low costs of labor there. Mexico for example has a massive problem with gangs, drug cartels, corruption, etc.
@SaxonFaust
@SaxonFaust 11 meses atrás
Mexico is close to the US so goods transportation is also low cost
@namenameson9065
@namenameson9065 11 meses atrás
China supports those Mexican cartels. Decoupling from China would reduce a lot of the world's stability issues.
@Homer-OJ-Simpson
@Homer-OJ-Simpson 11 meses atrás
And China has the CCP that closed down the country for 3 years. Mexicos problems is less cartels and more incompetent policies but yet they are seeing a huge growth in manufacturing. They are next door to US (biggest market in the world) and have free trade within North America. They are in great position to take many of those jobs from China and already are doing so. In fact, many Chinese firms are opening up shop in Mexico joining American, Japanese and Korean companies that seem to dominate many parts of Mexico.
@leihtory7423
@leihtory7423 11 meses atrás
also consistency. you only have to bribe the ccp. in any other country you have to bribe multiple politicians, that may or may not be in office next year. imagine having to bribe another politician.
@realname4401
@realname4401 11 meses atrás
@@namenameson9065 How lol? China bad
@RSfiregod
@RSfiregod 11 meses atrás
Coincidently last night on our news there was a topic about this. Turns out it is currently 18% cheaper to manufacturer in our own country (Belgium) than to let it be made in China. Its early days, but more and more company's will shift once they calculate their costs again. This video talks abouth south american countries, but Belgium is compared to that way more expensive in hourly wages..
@nzs316
@nzs316 11 meses atrás
I so look forward to the day that the powers that be conclude that we have to bring back manufacturing home. Every dollar you sent to China helps build another aircraft carrier or military aircraft.
@RoboRoby321
@RoboRoby321 11 meses atrás
@@nzs316 and you're giving them your product for free because they will copy it and resell it for cheaper
@shotelco
@shotelco 11 meses atrás
​@@nzs316 Says the guy who types his comment on a _Chinese_ manufactured keyboard, looking at a _Chinese_ manufactured monitor, his had on a _Chinese_ manufactured mouse, with a _Chinese_ manufactured iPhone in his pocket.
@nzs316
@nzs316 11 meses atrás
@@shotelco And your peripherals are not!
@jonthornburg3723
@jonthornburg3723 11 meses atrás
​@@shotelco and? he said he looks forward to the day, not that it is here. also fuck do and the ccp
@bjoe631
@bjoe631 9 meses atrás
That awkward moment when you are watching this on an apple device
@Florencecoxx
@Florencecoxx 9 meses atrás
@@bjoe631 I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more
@bjoe631
@bjoe631 9 meses atrás
@@Florencecoxx That won't bother you if you trade with a professional like *Mr Gary Mason Brooks* my coach, you may have come across him on interviews relating to bitcoin and stocks. He trades, manage trading account and offer mentorship program for clients who wish to become professional investors.
@Florencecoxx
@Florencecoxx 9 meses atrás
@@bjoe631 You allow people to trade for you? that's interesting, I would love to learn, hope it’s safe?
@thirtyonesolid
@thirtyonesolid 9 meses atrás
Wow I can't believe you guys are discussing about Gary Mason Brooks , I once met him at a conference in California 2019, just before the pandemic. I can testify that he’s very good in trading..Highly recommended.
@zombie15ish
@zombie15ish 9 meses atrás
@@thirtyonesolid This is the Fourth time I'm seeing someone talking about Mr Gary as there are lot of testimonies about him, do you know him ? if yes , did you invest with him.?
@michaelturner4457
@michaelturner4457 11 meses atrás
1960s..."The end of cheap Japanese labor" 1980s..."The end of cheap Korean labor" 2010s..."The end of cheap Chinese labor"
@anonymousinfinido2540
@anonymousinfinido2540 11 meses atrás
Next Indian labour?
@sakshamagrawal6984
@sakshamagrawal6984 11 meses atrás
Followed by Nigeria
@dhirajgawande007
@dhirajgawande007 11 meses atrás
@@sakshamagrawal6984 followed by Pakistan
@Polska_Edits
@Polska_Edits 11 meses atrás
​@@dhirajgawande007 what's next?
@NewPaulActs17
@NewPaulActs17 11 meses atrás
@@sakshamagrawal6984 india and nigeria are yet decades away.
@kairon156
@kairon156 11 meses atrás
play lists and knowing which episodes are Nebula exclusive would make it so much more appealing.
@froggieboy8
@froggieboy8 11 meses atrás
I agree, Nebula is a little light on features. I am subscribed to it to support the creators, but it can be hard to use and I wish they would work it out..
@kairon156
@kairon156 11 meses atrás
@@froggieboy8 I had to unsubscribe due to wanting to save up Money for a laptop and VR. But I'll be sure to rejoin Nebula next year after I have a new laptop. I do like supporting non BRvid groups.
@mystic701
@mystic701 11 meses atrás
@Trgn
@Trgn 11 meses atrás
Main reasons why big manufacturing companies picked China is not because of cheap labor that can be get anywhere in the world, but because the sheer scale and efficiency of their manufacturing, infrastructure. For eg Iphones most the parts are also sourced from China. If any change to design Apple can just make a phone call to China. China spent decades investing in infrastructure making their logistics one of the best in the world. And competitive standard public education making all sort of transferable skills labour pool available for such industries. No where in the world you can have orders delivered to your contries as fast, as on spec, on demand, competitive shipping and pricing as China.
@user-gc1hg9sp9k
@user-gc1hg9sp9k 11 meses atrás
Not to mention about OEM manufacturing, western brand now is just ordering a order production on china OEM company and slap their logo on top of it.
@siarnaqfrost4968
@siarnaqfrost4968 11 meses atrás
My cousin who is a seafarer said that Chinese ports are mostly automated it barely have a dozen people in there when their cargo ships docked. It is insane. It is no longer cheap labour anymore but the lack of it and the speed they are modernizing their logistics and manufacturing capabilities.
@MrNajibrazak
@MrNajibrazak 11 meses atrás
@@siarnaqfrost4968 which rendered many jobless when jobs were already hard to come by even before pre pandemic era.
@jieyan7952
@jieyan7952 11 meses atrás
@@siarnaqfrost4968 欢迎来中国旅行
@Cheesecake99YearsAgo
@Cheesecake99YearsAgo 11 meses atrás
​@@MrNajibrazak their automated solutions are used for the Chinese society And as for joblessness in most other countries is because of the lack of alternate skills. Just look at how much the government is investing or subsidising the education sector and you will know
@Mekchanoid
@Mekchanoid 11 meses atrás
Fascinating. And so many aspects of this story deserve a closer look!
@0277242420
@0277242420 11 meses atrás
Hey Polymatter, I find it surprising to not see any mention of China's supply chains. Tim Cook clearly mentioned that what keeps Apple in China is not its cheap labor anymore but the availability of suppliers and skilled workforce. And that goes the same for a lot of other globalized companies. China has already shifted their focus from cheap manufacturing to the advanced specialised manufacturing and services industries.
@ben079329
@ben079329 11 meses atrás
In some way you are right but I think that does not apply to the vast majority of companies
@chetanpandu832
@chetanpandu832 11 meses atrás
yes, Steve jobs said, they're not manufacturing in America as they don't have enough basic engineers.
@ilhamrj2599
@ilhamrj2599 11 meses atrás
true, in term of GDP size. But in term of employment?? I dont think so, there is no way you can migrate all of those cheap factory workers to service sectors overnight... Thus, the factory might need to relocate somewhere else for most of the workforce ...
@admiralkaede
@admiralkaede 11 meses atrás
at that point might as well bring em back to the US lol
@jamesh8862
@jamesh8862 11 meses atrás
Only half of the 'Made in China' stuff is actually made there. The other half are partially assembled, shipped in & 'finished' there. The have the factories but the workforce is getting more expensive. IP theft has skyrocketed. The faltering economy, Xi going full on tyrant, investors beginning to have difficulties getting their money out. More gov interference in companies,, sanctions, increased risk of conflict with the likes of Taiwan. What kept companies there was the sunk cost fallacy. Financial investments & time taken to go elsewhere. However with Covid shutdowns, new cases of covid, flu & gov measures etc is simply the straw that broke the camels back.
@API-Beast
@API-Beast 11 meses atrás
I would love to see a video from you on western demographics. Yeah I know you mostly focus on Asian countries but it would be good to understand one's own situation from a demographic perspective.
@kev792
@kev792 11 meses atrás
For the west, Europe is semi fucked. They have demographic issues but they can support it a little with immigration. USA and Canada are pretty good for now. They are the most immigrant friendly places in the west and have really good numbers. I think the US is around 1.7 for fertility rates, which is one of the highest in the west. East Asia is super fucked. They have some of the worst demographics and don’t really like immigrants. Unless people switch to a different economic way or new technologies come out, they’re screwed.
@christianweibrecht6555
@christianweibrecht6555 11 meses atrás
we are also reproducing below the replacement rate but supplement that through immigration
@chinguunerdenebadrakh7022
The demographic issue with China compared to West isn't birthrates slowing down. That's a natural societal progression. The difference with the West is the sheer speed. They went through in like 40 years what the West did in 200 something years. This allowed many Western countries to gradually get used to slowly aging population with a shrinking workforce.
@illiiilli24601
@illiiilli24601 11 meses atrás
@@chinguunerdenebadrakh7022 and Japan is a good analogue and way to predict what will happen to China because it's right in between the west and China in terms of speed
@orkkojit
@orkkojit 11 meses atrás
​@@chinguunerdenebadrakh7022 The reason why the West could afford 200 years while China only 40 ? Because of colonialism. The import based economies of the colonies served as a cushion for the industries of the West, captive markets that could only trade with their colonizers, discriminatory trade agreements which saw zero tax being levied on imports from the colonizer nation in the colony, but the colonizer would impose high duties on finished goods exports from its colonies except raw materials. This allowed them the luxury of a slow transition. Taiwan, South Korea, China etc are the first countries that have developed through market economics, not through gunboat economics. Their challenges and solutions will provide a pathway for other third world nations, especially those in Africa, a route to follow.
@thephilippexperience4074
This was such a great video. I learned a lot and I‘m glad I watched it. Thank you.
@Dominus_Potatus
@Dominus_Potatus 11 meses atrás
And imagine thay adults, in Asia culture, mostly take care their parents. So, suddenly you have hamburger generation where you take care the old and young at the same time.
@Buorgenhaeren
@Buorgenhaeren 11 meses atrás
That's better than letting your parents rot in a nursing home
@user-nx4dj8or3b
@user-nx4dj8or3b 9 meses atrás
额,你可能对东亚社会存在误解,东亚社会的储蓄率超级高,如果他有两个家庭等着他去继承财产,基本等于这个人什么工作都不用干就有超级多的钱和房子
@Dominus_Potatus
@Dominus_Potatus 9 meses atrás
@@user-nx4dj8or3b Understandable albeit you assume both parents are rich. Btw, I am using google translate, so we might have mis communication.
@user-nx4dj8or3b
@user-nx4dj8or3b 9 meses atrás
@@Dominus_Potatus 如果你查询中国过去几十年出生人数,而不是宣传中国崩溃的反华宣传,在新型冠状病毒爆发之前,中国每年出生人口在两千万左右,也就是说中国人口总和生育率在过去几十年都在1.8以上,每一个家庭生育1.8个孩子,中国的一个孩子政策除了极个别地区,只在汉族的中国共产党身上强制执行(少数民族有豁免政策),中共官员想要晋升需要响应国家政策,也就是说只能有一个孩子,在少数民族不执行,这些官员在城市都有自己的房子,也就是说都有几十万美元的资产。所以说大部分只有一个孩子的家庭都比较富裕,比较贫穷的家庭和地区大部分都有两个孩子和以上,中国出生人口大幅度下降是在全面放开生育政策之后。你可以查找数据。
@flotsamike
@flotsamike 10 meses atrás
Not used to hearing anyting associated with apple being called cheap. It is astounding how much Apple was willing to mark up the price of their products now that I know how cheap their labor cost were.
@MBT06
@MBT06 11 meses atrás
For the graph at 5:40, I think its a good idea to add population into the industrialization graph for better understanding.
@dubliners0999
@dubliners0999 11 meses atrás
When I worked at a large community college system in a large metropolis in the Pacific Northwest, 90% of our student population was Asian. Many of my students shared that if there was more than one child in the family, only the oldest boy was sent to college. All other family members were made to work and invest in that boy-child's education and success. Many of my students struggled with higher education. Some of that was a big cultural shift. In their home country, all family members "contributed" to a child's education (i.e., tutored them and in some cases, did their homework for them). In the U.S., however, having a family member write something for that college student was considered academic misconduct. This was shocking to many of my Chinese students who could not grasp that in America, achieving success on one's one was the drill--not "collecting" from all family members to succeed in one's class in an American college. Also, many of my Asian students were very quiet and passive. They had been taught in their home country to memorize facts and give them back in standardized tests. Critical thinking or thinking on one's own was not valued (so they told me). It was exhausting to try and get them to share their ideas as they did not see the value in that; instead, they wanted me to give them "the right answer" so that they could memorize this. Of course, this doesn't work when teaching writing composition. Unfortunately, many of my students ended up in a long succession of remedial or developmental courses before they could go on to transfer-level courses; and as most know, the longer the sequence, the bigger the drop out ratio. It was very sad and I ultimately took a job in the Midwest where I felt I could be of more. My best wishes to anyone who is seeking to better themselves through education. As first-generation college graduates, me and my sisters would tell you that it is the way up and out of poverty.
@BlueBeeMCMLXI
@BlueBeeMCMLXI 10 meses atrás
It may not be, it will depend on what field you study. The skills of a human being need to be varied and life-improving, more than narrow-focused. Although specialists will make more money, over the longer term.
@cbcluckyii4042
@cbcluckyii4042 10 meses atrás
Hmm I don't buy it because most most Asian kids born in the 70s or later, with exception of Japanese cannot rely on the parents to do their homework for them and get a passing grade. If you're talking about elementary school, yes. Idk where you got that from, someone was probably telling you that because you appear to be gullible. Asking your parents to do your homework, get two slaps across the face.
@xuanchen3434
@xuanchen3434 5 meses atrás
Man, that’s true for 1990s. Now it’s 2023. Things are completely different. Living in US literally makes people forget how fast things can develop.
@alexsmith-ob3lu
@alexsmith-ob3lu 4 meses atrás
I’ve worked as a technical instructor for a technical community college in the New England states and I can also relate to what you mentioned. International students from China are either exceptional, or mediocre students who are trying to get by, or they’re from wealthy families and just here to party. Typically, the smarter, more motivated ones go on to state/private colleges for degrees in medicine or engineering. Those in community college are just trying to pass so they can transfer over state/private college programs or are there to not really learn anything but to waste time.
@Yadobler
@Yadobler 11 meses atrás
You had a good pt on vocstional sch stigma. In asia, it's either graduate degree or dropout. Unlike the west, vocational and trade sch are considered disgraceful, or sub standard. Hence the low pay and high disparity in education level
@ayoCC
@ayoCC 11 meses atrás
Totally agree - getting an apprenticeship can lead to a well paying job - or if not, a secure job. If you're willing to move for the apprenticeship it could be six figures a year. The work you do part time (which counts toward the apprenticeship) is paid, and the part time vocational school is also compensated in most countries.
@Nothing2150
@Nothing2150 11 meses atrás
I think the west also stigmatized trades. Anyone with good grades would get weird looks from family and friends if they decided to be a plumber rather than go to university. Even if the plumber would probably get paid more haha
@Yadobler
@Yadobler 11 meses atrás
@@Nothing2150 in Asia it's weird because we all study so hard, day and night, that we are in a "too educated" situation - we literally have no trade skills, and can only do academics. Unless one enrolls in trade school, which the family will never sponsor lest they see you as a "failed graduate / dropout", there is no one to do trade except the "grew up in the streets" folks. It is very dichotomous. Graduates do the managerial and academic-heavy technical jobs. The rest are highschool-ish level folks who learnt the trade by hand from some mentor. So there's this weird gap that is supposed to be well skilled trade jobs that are too "tacit" for the booksmart graduates to learn, while too "technical" for the folks who learn the trade from scratch without formal training. It's all or nothing. If you're studying, you better graduate or give up and start working. It really underestimates the value of trade work that many many folks miss out on, just because they couldn't Memorise their 成语 proverbs and a2+b2=c2s. Who knows how skillful they'd be in carpentry or machining but are left to tie bamboo scaffolding and lay brick after brick to nurture their oldass parents
@L-K-K
@L-K-K 11 meses atrás
It's a problem in some Western countries as well. US still expect college degree as default. UK too over-emphasise uni degree. You'd have to look towards the likes of Germany for examples where vocational training is on equal footing with college/uni degrees.
@jonathanpfeffer3716
@jonathanpfeffer3716 11 meses atrás
@@Nothing2150 In the past, but that’s really starting to change nowadays. I’m a university student and I hear people all the time talk about how viable of a career path trades are if you are smart about it.
@mamborambo
@mamborambo 9 meses atrás
Love your charts and how you explain the population dividend. Please do more in-depth economic topics, everyone needs to understand.
@xiqian440
@xiqian440 11 meses atrás
Fun fact: 10:13 you're talking about flights between Shanghai and SF, but the footage you used is "China Airline", which is the airline of Taiwan...I don't think they operate direct flights between US and Mainland China😂. Anyway this is a great video.
@hen8622
@hen8622 11 meses atrás
was looking for this comment.
@lotrlmao1648
@lotrlmao1648 10 meses atrás
为什么这些外国人每当谈到华人政治问题时都这么不专业
@filiprohn1643
@filiprohn1643 10 meses atrás
​@@lotrlmao1648 We're hardly professional about our own political issues, so nothing new under the sun 😅
@kvlin94
@kvlin94 10 meses atrás
was about to address this as well haha
@timothy456789123
@timothy456789123 10 meses atrás
Same thoughts lol
@seamusbyrne8721
@seamusbyrne8721 11 meses atrás
One of the best channels on the site!
@john_smith_john
@john_smith_john 11 meses atrás
really? name every channel.
@naohdeng838
@naohdeng838 11 meses atrás
As a Chinese person. I have to say your video is amazing.
@noob.168
@noob.168 10 meses atrás
Yet he thinks China Airlines is China's...Unless he thinks Taiwan is part of PRC...
@naohdeng838
@naohdeng838 10 meses atrás
@@noob.168 Taiwan ‘s official name is Republic of China. Red China is People republic of China. Taiwan is part of China but not PRC. The BRvidr probably thinks the China airlines is from PRC. It is actually from ROC.
@kimp9023
@kimp9023 10 meses atrás
@@naohdeng838 PRC is the China, ROC is forced to kept "China" in its name because PRC kept on threatening invading the island if they change their name to republic of Taiwan. as you a Chinese person you should know this already. As a Chinese person myself, I would recommend get away from China as soon as possible, the country as a whole maybe strong with 1.3 billion people, but if you are young and without a wealthy family or high ranking CCP connection, your future is fucked
@Annathroy
@Annathroy 11 meses atrás
Fun fact: In Croatia we have a historical figure that is named Stjepan Radić which is almost literally Steve Jobs
@ChickenMcThiccken
@ChickenMcThiccken 10 meses atrás
did stepjan invent iphone?
@IdealisticDog
@IdealisticDog 11 meses atrás
These graphics are wonderful. Excellent ways to present data
@Ms-Fortune
@Ms-Fortune 11 meses atrás
Dude, *WHERE* is the bonus episode you said is on Nebula? I’ve checked the Nebula Polymatter’s page (where you posted _this_ video), and I’ve checked your “China Actually” series-specific page too. I don’t see it anywhere.
@poiuytrewqqwertyufy
@poiuytrewqqwertyufy 11 meses atrás
“In the city children turn from valuable assets into expensive liabilities”... > Peter Zeihan has entered the chat.
@BlueBeeMCMLXI
@BlueBeeMCMLXI 10 meses atrás
This is moron-think. No children, no nation.
@ChucksSEADnDEAD
@ChucksSEADnDEAD 10 meses atrás
​@Jack Smith you need a source for the sky being blue? Look out the window.
@ChucksSEADnDEAD
@ChucksSEADnDEAD 10 meses atrás
@Jack Smith Is that supposed to be English?
@ChucksSEADnDEAD
@ChucksSEADnDEAD 10 meses atrás
@Jack Smith What does this have to do with Zeihan? You're trying to claim that actually children in cities are working and in the countryside they're going to school.
@ystconnection
@ystconnection 11 meses atrás
I love that this is Peter Zeihan’s presentation on China, but with better editing and music. Seriously though great video!
@sampotter4455
@sampotter4455 11 meses atrás
Great video. Your graphics are amazing!
@googiegress7459
@googiegress7459 11 meses atrás
I'm having trouble identifying when the Lewis Turning Point occurred in the US, because all the search results are about the China topic, or are about other Lewises. Can anyone direct me to a source that has this info? Thanks!
@Smoothe932
@Smoothe932 10 meses atrás
Thank you for providing a direct link to this video in Nebula. I hate BRvid, and all that they stand for. BRvid does, at least in some part, shows the videos that I'm interested in. No doubt it is filtered / slanted to BRvid's own agenda. Nebula on the other hand has many of the videos that I want to watch, but is difficult to navigate or get notified of new videos. I wish Nebula could be more friendly. The direct link helped.
@ricardorehlander348
@ricardorehlander348 10 meses atrás
A great video as always from this channel. Thank you for the insights !
@AmoghA
@AmoghA 11 meses atrás
7:23 "Economically speaking, kids are pretty useless." -PolyMatter, 2023.
@daivdsmith3746
@daivdsmith3746 11 meses atrás
Economically speaking kids are worse than useless. They are expensive but worth it
@BigBoss-ps6vk
@BigBoss-ps6vk 11 meses atrás
What really? epstein and biden loved them 😢
@eazy-e5162
@eazy-e5162 11 meses atrás
​@@BigBoss-ps6vk😮
@amruzaky4939
@amruzaky4939 11 meses atrás
​@@BigBoss-ps6vk 😭😭😭
@bassyey
@bassyey 11 meses atrás
​@@BigBoss-ps6vk Westerns love kids though, all of you.
@audreylin3466
@audreylin3466 11 meses atrás
Anyone have a timestamp for when he explains what happens when the "worker bees" begin to age, become diabled and retire? Any jobs for "aging population?"
@davidjma7226
@davidjma7226 10 meses atrás
My consulting firm is very busy dealing with large Chinese manufacturers seeking to offshore their factories to the GCC. It's not just labour costs, it's removal of state subsidies, new tarrifs and proximity to market!
@dumdumbrown4225
@dumdumbrown4225 9 meses atrás
What’s the GCC, mate?
@davidjma7226
@davidjma7226 9 meses atrás
@@dumdumbrown4225 Gulf Cooperation Council countries: KSA, Oman, Bahrain, Kuwait, Qatar and UAE.
@Tathagatchat
@Tathagatchat 11 meses atrás
China has automated quite a bit, making its labor expensive, but keeping products relatively cheap.
@Tathagatchat
@Tathagatchat 5 meses atrás
@DeadManWalking-ym1oo many companies have done that, but even then, building in China might be cheaper thanks to Govt policies, land, cost of setting up, and operating (and maintenance of machinery). Plus, they might often hold patents for the automation as well.
@Tathagatchat
@Tathagatchat 5 meses atrás
@DeadManWalking-ym1oo all true. But most businesses accept the risk of dealing with China (I know many individuals who do as well when they order on Alibaba from Europe or India). Regarding transport costs, apparently they are very low if the goods are being imported by a company on a large scale (often negligible compared to actual product price) thanks to logistics network today. Note that most decisions are made by businessmen not govt. To make organisations take actions, govt needs to give incentives.
@TheHipClip
@TheHipClip 11 meses atrás
I remember the string of FoxConn suicides because of the horrible working conditions caused by Apple's greed for the cheapest labor.
@TriNguyen-he7xk
@TriNguyen-he7xk 11 meses atrás
apple hires the cheapest source. FoxConn treats their workers like shit. FoxConn has more influence over FoxConn's employees than apple who is merely a customer even if the largest
@avocadooverl0rd937
@avocadooverl0rd937 11 meses atrás
I haven't heard of this, what happened?
@RT-qd8yl
@RT-qd8yl 11 meses atrás
Have you seen the pictures?
@Dear_Mr._Isaiah_Deringer
The nets solved it.
@SlartiMarvinbartfast
@SlartiMarvinbartfast 11 meses atrás
@@fdbj8795 I wouldn't belive anything that Apple says, unless it was something along the lines of "we only care about your money".
@deathdrone6988
@deathdrone6988 11 meses atrás
What makes Chinese labour so enticing is not really the labour itself anymore, it is the unique factors china has; like the sheer amount of trained labour (eg more engineers graduate each year than the US has in total), industries made to support that labour (very good vertical and horizontal intigration), and at least until recently a fairly stable country (mexican labour is cheaper if you can keep them from being extorted by the cartels, corruption,etc).
@MrNajibrazak
@MrNajibrazak 11 meses atrás
& lack of employee protection laws that does ultimately contributes to the rising cost of wages etc when lives are cheap in China. in China, for every labourer which perishes at work, another 100 are queuing up to take their places despite the lacking of proper laws to protect workers though a communist nation. laws exists primarily for the interest of the party, not the people.
@CommunistBot
@CommunistBot 11 meses atrás
​@@MrNajibrazakHow are working conditions in the capitalist USA, or south Korea?
@MyMovie5858
@MyMovie5858 11 meses atrás
What makes China unique is that you have a massive cheap labor pool and the 2nd largest economy with strong buying power all in one place.
@Homer-OJ-Simpson
@Homer-OJ-Simpson 11 meses atrás
@@CommunistBot workers in the US have far more safety regulations that protect them compared to China.
@berdwatcher5125
@berdwatcher5125 10 meses atrás
@@CommunistBot how does the us or korea have bad working laws?
@BlueBeeMCMLXI
@BlueBeeMCMLXI 10 meses atrás
Only so much can be done in space and time in a country with many different cultures - not an homogenious population. Lifting education standards for example. MY GREAT GRANDFATHER spoke about China's inevitable rise in Australia of the 1870s. So, thinking is not always received. You crammed a great spread of data into this video report, so much food for thought. Thank you for your efforts!
@clydedoris5002
@clydedoris5002 4 meses atrás
Australia might as well be china 2.0
@davidjma7226
@davidjma7226 11 meses atrás
I have a consulting biz in the GCC. We have loads of Chinese manufacturers seeking to relocate manufacturing here. It's not just labour cost - subsidies are being withdrawn and of course most Chinese companies export about 80% of their production. Add the decoupling of the US, Europe and China, tariffs etc and they no longer are profitable. I am happy, and very busy!
@pn4960
@pn4960 10 meses atrás
I love how he makes weird parallels for the American audience like “Chinese Montana”. Or “documentaries Mall”
@razorjymm
@razorjymm 10 meses atrás
I would like an updated exploration on the places who avoided the middle income trap (beyond the 2012 date on the data shown in this video - great video, btw!
@morrismak
@morrismak 11 meses atrás
A lot of these companies moved to South East Asia as they want to stay close to the China market. And do people still think Chinese factories still need a ton of people on the assembly line? I visited a factory in China that made plastic containers for fruits in supermarkets. They were able to reduce their labours by 2/3 through automation.
@Sky_Blaze
@Sky_Blaze 11 meses atrás
Sshhhh..this why most people soon won't have jobs here in the US... cause companys are reducing labour's yet charging more at the same time. This world is broken and a joke.
@NFFFFFFFF
@NFFFFFFFF 11 meses atrás
@@Sky_Blaze funny how we might become the part of the statistics in this video, 😔 man life is hard.
@Sky_Blaze
@Sky_Blaze 11 meses atrás
@@NFFFFFFFF life's a joke
@bassyey
@bassyey 11 meses atrás
But Americans want actual slaves making their products.
@baha3alshamari152
@baha3alshamari152 11 meses atrás
@@Sky_Blaze It's called technology advancement If your skills are outdated and not needed anymore then learn something else
@noahflare6825
@noahflare6825 11 meses atrás
Very nice and digestible presentation of the subject
@user-jb6fb9mz2i
@user-jb6fb9mz2i 10 meses atrás
I'm Chinese, another interesting phenomenon I found is that everything has become so expensive over the past decade as well as wage rised but seems that China never reports high inflation rate, and the currency Yuan has really increased value since 2007
@cynthiac2739
@cynthiac2739 5 meses atrás
not anymore yuan is going downhill and will not recover in near future
@sivx17
@sivx17 11 meses atrás
Well in the past few months i been seeing more and more stuffs made in Vietnam, Mexico or even some South American countries compared to the usual made in China. I guess its true that China is getting more expensive for manufacturing and kinda lost their price edge.
@haochengzhai7156
@haochengzhai7156 11 meses atrás
Yes, because there are no young people working in these factories in China. But the quality of other countries is worse than China. Do you agree?
@yuanruichen2564
@yuanruichen2564 11 meses atrás
stuff made in vietnam kind of sucks
@dailyrant4068
@dailyrant4068 10 meses atrás
@@yuanruichen2564 It's a matter of time. Anyone who makes fun of a specific country's bad products clearly doesn't understand that it takes time. Japan had inferior products before too. In US, people had always made fun of American made cars but for some reason can't seem to understand every country's cars went through those stereotypes. It was the Japanese, then it was the Koreans, and now it's the Chinese. Next is probably India.
@yuanruichen2564
@yuanruichen2564 10 meses atrás
@@dailyrant4068 Now chinese products are sold in the us two times more expensive than sold in China
@SpringIsBACK
@SpringIsBACK 10 meses atrás
@@dailyrant4068 The problem I as a parts "sourcer" (well, maybe I was a "parts sorcerer" too, but that was a different part of my old job!) had was that only a very few Chinese supply chains did not by the time one got to maybe the 3rd or 4th production run, end up somewhere along the line somebody decided to slip in a little short cut -- forcing us as the US based assemblers to have to do crazy amounts of incoming QC, sometimes discovering bizzarro problems in performance that could take weeks to figure out just exactly what had been changed and where. Then get somebody to take responsibility(!!!) all while OUR customer was screaming bloody murder about the delivery snag. Both through business and especially through my Mom (long story) I used to have many Chinese friends here in the US too -- mostly they were sweet, wonderful people, but I'll be damned if they didn't often have that same sort of devil-may-care "shortcut" mentality about more ordinary "life" sorts of things. I suppose AI robots won't think like that... But if AI takes over most work eventually, can humans manage to not go crazy?
@tincanmaniac1931
@tincanmaniac1931 11 meses atrás
If anyone wants a book that goes into this further, the book "Invisible China" by Scott Rozelle and Natalie Hell covers this, though it focuses most extensively on the rural/urban education and economic divide. It's a somewhat quick read, at a around 200 pages, and imo very interesting, if you like this topic.
@ninjal7588
@ninjal7588 11 meses atrás
It was a really interesting book. Although also sad if you care about kids on the other side of the world.
@TiVS.ThisisVerySerious
@TiVS.ThisisVerySerious 11 meses atrás
Companies should buy less avocado toast and lattes to cut costs instead!
@EroticOnion23
@EroticOnion23 11 meses atrás
Delete the "equity departments" too 😎
@robstar1a
@robstar1a 11 meses atrás
And take shorter showers to save water.
@ceoatcrystalsoft4942
@ceoatcrystalsoft4942 11 meses atrás
Companies don't buy either
@GenericUrbanism
@GenericUrbanism 11 meses atrás
@@ceoatcrystalsoft4942 that’s the joke
@alexl4710
@alexl4710 11 meses atrás
Love all your China videos man, keep with it
@rcbrascan
@rcbrascan 11 meses atrás
PolyMatter has never been to China or a Sinologist so he doesn't have a complete understanding of why and how China does things and some of the issues presented in the video are viewed under western lenses which are flawed instead of applying Chinese ideology.
@soar3135
@soar3135 11 meses atrás
@RC Stat genuinely asking btw, dont wanna sound rude but im just curious. Such as what issues?
@FilipMacioszek
@FilipMacioszek 11 meses atrás
@@soar3135 topping the question.
@ash9280
@ash9280 11 meses atrás
Most of his China's videos aren't that good. It is filled with the usual ''Chinawatcher'' tropes about why and how China can't do that because it isn't a liberal democracy. It is preaching to the choir. It is the usual no sense that the evil Chinese is always in a state of collapse.
@alexyou3233
@alexyou3233 11 meses atrás
@@soar3135 Maybe constantly talking about some sort of demographic collapse when countries like japan, korea, italy have worse birth rates. I have never heard anyone make the bogus arguement that south korea will collapse in half a decade despite their birth rate being 0.7, almost half of china
@jackjhmc820
@jackjhmc820 11 meses atrás
This was already happening almost a decade ago when there was a book called end of cheap China published in 2014. Obviously cost is NOT the only factor. Time to get things done needs to be considered. What s the point of investing in a cheap country if it takes twice or three times to set up factories from burdensome regulations, corruptions, and lack of skilled labour.
@michaeldavid6973
@michaeldavid6973 10 meses atrás
Love your graphs!
@yudogcome5901
@yudogcome5901 10 meses atrás
Tesla's efficient production in China benefits from the fact that local Chinese manufacturers can provide more than 90% of the accessories, including glass, motors, air conditioners, batteries, etc., and even the exaggerated Giga Press, yes, the manufacturer is a Shenzhen company , which also holds the Italian IDRA company。
@michaellovatt3944
@michaellovatt3944 10 meses atrás
I get that the graphs are supposed to be simple, and I appreciate that very much. There is however an issue when you just... lack any labeling on the Y axis...
@sotroof
@sotroof 11 meses atrás
That China Airlines clip is actually the Taiwanese carrier
@graystoke8229
@graystoke8229 11 meses atrás
Unless it was a subtle jab that the ROC is the true China, as China Airlines is their commercial flag carrier. This sequence was talking about travel between China and San Francisco. Even though everyone knows it between San Francisco and mainland China (or West Taiwan for other folks).
@naohdeng838
@naohdeng838 11 meses atrás
You need to know the official name of Taiwan is Republic of China. The world actually has two Chinas. ROC 🇹🇼and PRC🇨🇳.
@willyang4487
@willyang4487 9 meses atrás
@@graystoke8229 your comment may anger many Taiwanese people 😂
@IRoYzI
@IRoYzI 11 meses atrás
You have answered HUGE questions I’ve had for forever!!!!
@TimothyCHenderson
@TimothyCHenderson 11 meses atrás
"...that it would somehow be miraculously unimpeded by the challenges faced by every other country". Indeed. I remember watching videos and reading comments back in the early 00's about China and how a common refrain from Chinese nationals was that they would beat the west at their own game. In many respects they have, but they've also inherited all the same problems that the west faces except on steroids due to the speed of modernization. In that regard, it creates many new problems that are unique to China.
@PodcastBulgaria
@PodcastBulgaria 11 meses atrás
Good analysis! Thank you
@viceroybolt3518
@viceroybolt3518 11 meses atrás
Not sure why it always gets me... but chili is a food and chee-lay is a place!
@sammead7911
@sammead7911 2 meses atrás
Man, I learn so much from this channel.
@Anolaana
@Anolaana 11 meses atrás
10:10 ironically those "China Airlines" planes are probably going to Taiwan; the PRC's airline is actually called Air China.
@stalker5299
@stalker5299 11 meses atrás
was looking for a comment pointing this out lol
@TechieWidget
@TechieWidget 11 meses atrás
Yeah, that’s because Taiwan’s official name is Republic of China.
@Game_Hero
@Game_Hero 11 meses atrás
@@TechieWidget Still not the "People"'s Republic of China
@willyang4487
@willyang4487 9 meses atrás
Biggest mistake of this video.😅
@swilhelm3180
@swilhelm3180 11 meses atrás
This was just superb!
@russellcossar4433
@russellcossar4433 4 meses atrás
When I was living and working there in 2019, it was very common to see jobs advertised at 3000rmb a month ( around a dollar fifty an hour). Not sure where they got $8/hour from?
@gebbygeb3547
@gebbygeb3547 11 meses atrás
12:23 14:14 you didnt just describe china, this is the entirety of East & South East Asia 😂😂😂😂
@c0ttage
@c0ttage 11 meses atrás
the end of this video sounds a lot like the problems we're having in the us too, stigma around vocation, extremely high cost of living and having children
@matchc0635
@matchc0635 11 meses atrás
10:04 (btw someone should tell them China Airline is not actually from China because of a certain Geopolitic moment)
@clausbecker9350
@clausbecker9350 11 meses atrás
I subscribe to Nebula but find it is sometimes hard to find videos that I see on BRvid
@john_smith_john
@john_smith_john 11 meses atrás
sucker
@user-lt4iq5hd5n
@user-lt4iq5hd5n 11 meses atrás
"Only major Latin American economy more expensive is Chile" My Uruguayan heart hurts.
@unconventionalideas5683
@unconventionalideas5683 11 meses atrás
Never mind. Uruguay seems to be on a good path for the future. Part of the reason Chinese labor is so expensive is because of the real estate bubble.
@ulaalu4356
@ulaalu4356 11 meses atrás
Igual solo serían a lo más 4 países en Latinoamérica : Chile, Uruguay, Panamá y Costa Rica ? .. En conclusión: Uruguay cada vez más cerca a los países europeos que latam : / ( saludos de 🇵🇪)
@SCTproductionsJ5
@SCTproductionsJ5 10 meses atrás
12:30 seems like that happened with CS students in the US. A select group of skilled coders with the rest left behind.
@nerd2544
@nerd2544 10 meses atrás
are you referring to the recent layoffs or what? the US is amazing for tech compared to here in Asia because I see vids of how any random person can just get into tech by self-learning or whatever but here nobody will hire you without a university degree
@SCTproductionsJ5
@SCTproductionsJ5 10 meses atrás
@@nerd2544 No, they're just videos for the views. If you actually look at entry level job openings, there are *very* few compared to a few years ago, and even then it was very few compared to how colleges made it sound.
@champ7619
@champ7619 11 meses atrás
What happened to A Hill To Die On?
@erikni6158
@erikni6158 11 meses atrás
这个作者真的懂,说得面面俱到非常好
@ishmaellaurent-dixon1526
Best channel on the platform. He don’t miss
@davidchang4878
@davidchang4878 11 meses atrás
I think a lot of people don’t realise, why China? The cost of Chinese labour increase also due to its productivity. There is cheap labour in Africa but companies are not flocking there cos they may lose everything. Companies use China also because of the highly educated population too.
@liwenhu5864
@liwenhu5864 3 meses atrás
Yes, there it comes the no lighting production shops! Those days when labour cost is cheap, I asked why factories go after automation so seriously, now we appreciate their forward visions!
@joshuaholder6818
@joshuaholder6818 10 meses atrás
Awesome video keep it up!
@stavka227
@stavka227 11 meses atrás
I really appreciate it when topics like these are covered objectively, and aren’t poisoned with awful political rhetoric. Thank you.
@yutakago1736
@yutakago1736 11 meses atrás
Many countries went thru this process.
@rumcajs009
@rumcajs009 10 meses atrás
I don't think it's a massive problem. It's a problem for CEOs of big brands and their bonuses. We pay pretty much the same for tires made in China or Made in France of the same brand, the difference is that this brand earns less when its made in France.
@300guy
@300guy 10 meses atrás
Big problem with Nebula, if you don't know who has content on it, you will never find them, it doesn't give you a menu of content or creators
@JogieGlenMait16
@JogieGlenMait16 11 meses atrás
These are basically peter zeihan's talking points.
@nomore-constipation
@nomore-constipation 11 meses atrás
I think this is a hallmark achievement of a video. Using China as an example works great for this view. Would like to see an example of how those certain countries avoided the 'trap' I've been trying to explain this to my kids and their friends. I might actually just let them know about this video or try to give them the tl;dr version again ...but by using your example (and the graphics). Perfectly fine teaching tool imo, Bravo 👏
@arbjful
@arbjful 11 meses atrás
Even England had issues with poverty and over population due to the industrial revolution, the two world wars helped reduce their population
@iimstupid2281
@iimstupid2281 11 meses atrás
A lot of western countries do struggle with this problem for example as mention in the video Japan. But they supplement this issue with immigrantsd who will work for very cheap and add to the population.
@jonathanpfeffer3716
@jonathanpfeffer3716 11 meses atrás
One way to avoid this trap is through immigration, although that’s also a sort of post-industrialization kinda thing. The US does this A LOT. Immigrants tend to be young working age men or women, and usually ones that are above average and decently educated and capable, so immigration basically drip feeds incredibly valuable workers into a country. This one of the ways how the US has maintained such a dominant position in the world, since many of the worlds smart capable peoples want to move here for higher wages and better quality of life.
@drumhed
@drumhed 11 meses atrás
He's basically just quoting Peter Zeihan. That's who you need to check out.
@haochengzhai7156
@haochengzhai7156 11 meses atrás
You are destroying your children. This video is pure crap. He thought China was in 2000. Remember that the largest manufacturing centers in the world are industries. Not clothes and socks bullshit. If China is what he said, will the United States be afraid of China.
@darkestkhan
@darkestkhan 11 meses atrás
Everyone talks about using technology for producing more food than for each person working in agriculture... you only need a shovel, a mattock, and a wheelbarrow for that. A few - ares (~30) are enough. (what is the plural of are in measuring land area?) You can do that with the most basic tools that were in use since antiquity. The problem in the older days was not a lack of food production, it was war and disasters. And taxes. Preservation could be problematic.
@georgebuck2269
@georgebuck2269 11 meses atrás
Example to use the word "acre." I own one "acre" of land. This is the singular use of the word. The plural is; I used to own ten "acres" of land, but I sold it to buy a new car. For the advanced study of English some people like to learn the language origin of the word. German or Deutsch is kindergarten or English kindergarden. Bahn or barn, Sonntags or Sunday. Great Britain stole a lot of words from the French; Bureau, aviation, resistance, substance, cuisine and a lot more. That's why a lot of words look almost the same in English, but come from different languages.
@darkestkhan
@darkestkhan 11 meses atrás
@@georgebuck2269 I mean "are" not "acre". When you write "ares" spellcheckers go bonkers. Just so we are clear: are is a square with a side of 10m. A hectare has 100 ares.
@georgebuck2269
@georgebuck2269 11 meses atrás
@@darkestkhan I've never seen this word in use in the United States or Canada. because we never used the metric system. I'm from Canada and they changed from Imperial to metric in 1975. I moved away in 1963. I grew up with Imperial gallons for gas/petrol. "are, unit of area in the metric system, equal to 100 square metres and the equivalent of 0.0247 acre. Its multiple, the hectare (equal to 100 ares), is the principal unit of land measurement for most of the world."
@phineas7423
@phineas7423 11 meses atrás
Equating education to skills, although common, is still a bad practice. There is no such thing as high skill and low skill labor, just labor that requires calculus and labor that doesn't.
@Nothing2150
@Nothing2150 11 meses atrás
I disagree. Education can be in more than calculus. It's the difference between moving dirt by hand/shovel and moving dirt with a excavator. One can be done by literally anyone without training. The other cannot.
@daivdsmith3746
@daivdsmith3746 11 meses atrás
Formal education and having the skills to complete a task are not the same but the term "skill labor" literally refers to someone who works in a field that requires a degree or specialized training usually through a vocational school i.e. pilots, electricians, and nurses are all considered skilled laborers.
@stan8577
@stan8577 11 meses atrás
11:33 College enrollment may have tripled, but the quality of education and information matters more to the potential outcome of students.
@illiiilli24601
@illiiilli24601 11 meses atrás
14:47 Mauritius is usually not spelt that way in English
@arthurschildgen5522
@arthurschildgen5522 11 meses atrás
Unfortunately, you have an anime profile pic, so your opinion is void.
@illiiilli24601
@illiiilli24601 11 meses atrás
@@arthurschildgen5522 true, people with an anime pfp don't have valid opinions
@charlesliang4118
@charlesliang4118 10 meses atrás
I don’t think the cost of labor is above 8 dollars per hour in China. Just checked online the hourly wage for Foxconn (major manufacturer/supplier for apple in China) is around 30 RMB (which is around 3.75 dollar)
@handyrus
@handyrus 10 meses atrás
Hourly wages aren't the same as 'cost of labor'. COL includes various other components and some indirect costs as well, that go into the mfg process. Hourly wages is one of those components.
@user-rs2yy5cg1i
@user-rs2yy5cg1i 9 meses atrás
The author speaks very evenly and clearly,thanks.
@henrycarlson7514
@henrycarlson7514 11 meses atrás
So Wise , Thank You
@RazorM97
@RazorM97 11 meses atrás
beautiful videos as always very well made and researched.... keep it up
@13thravenpurple94
@13thravenpurple94 11 meses atrás
Great video thank you
@silvencenturion7133
@silvencenturion7133 11 meses atrás
nice video as always!
@polygontower
@polygontower 11 meses atrás
But the video was released just 4 minutes ago
@MasayaShida
@MasayaShida 11 meses atrás
learnt so much from your previous videos on nebula. Always a good day when PolyMatter uploads!
@spicemasterii6775
@spicemasterii6775 11 meses atrás
This all sounds like what Peter Zeihan has been saying. Including the bit about kids being free farm labor.
@tzutzescu
@tzutzescu 11 meses atrás
that's because he's shamelessly plagiarizing
@colemarsh13
@colemarsh13 10 meses atrás
Fantastic content 👌🏻 👏 👍🏻
@TheTarrMan
@TheTarrMan 11 meses atrás
This is wonderful news. They should be paid more. Breaks my heart about near slave labor factories. I try to buy American whenever I can because of my guilt for that. I feel responsible for it. I know I am partly but I try to do what I can to minimize my impact because how unavoidable it is here. It's like I don't have a choice. It's everywhere.
@austinchen1004
@austinchen1004 11 meses atrás
“Children also known as free farm labor”😂😂😂
@ayenul
@ayenul 11 meses atrás
“You may be wondering, why Nebula? The answer is simple.” *thumbnail on-screen reads “MONEY”* Yup, sounds right