The End of Cheap Chinese Labor 

Will there be more episodes of China Actually?

No thanks

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!

@PolyMatter -Evan is kinda corporate, I would drop it

Next Indian labour?

Followed by Nigeria

@Saksham Agrawal followed by Pakistan

​@Dhiraj Gawande what's next?

@Saksham Agrawal india and nigeria are yet decades away.

Is child helping on family farm count as child labour? Or only counts if he/she working on others place?

​@Shivansh NA 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

@Shivansh NA Think meat processing plants.

This is probably true in some countries but child labor in African countries is a bit different.

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

Coughs in Bangladeshi*

@One Small Step At The Time *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.

​@Joseph Williams Faster than Japan or China?

​@Joseph Williams Bangladeshi* Bengali includes indian people too.

get nubula lol

Ikr

​@Ernst Schmidt no

i thought the same thing. he needs to actually END the video, and then transition into an ad. it was very disappointing.

In some way you are right but I think that does not apply to the vast majority of companies

yes, Steve jobs said, they're not manufacturing in America as they don't have enough basic engineers.

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 ...

at that point might as well bring em back to the US lol

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

Tell me a country where graduate students have the skills or the resilience to work as a skilled labor in factories

When graduate students need to work as factory workers, the country's economy is already dead.

Well wages in all jobs should go up as cost of living goes up.

Especially when companies still record big profits and don't pay taxes that would benefit the whole community.

PolyMatter has jokes 💀

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.

​@红尘飞 1987

Hey, it's a family business. Why shouldn't they learn it at a young age?

i had no idea😅.

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? :)

​@XpertMan 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 ?

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.

​@Neil Scott 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.

@shotelco And your peripherals are not!

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.

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.

@Siarnaq Frost which rendered many jobless when jobs were already hard to come by even before pre pandemic era.

@Siarnaq Frost 欢迎来中国旅行

​@Hayashi Itsujisaruo 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

we are also reproducing below the replacement rate but supplement that through immigration

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.

@Chi Er 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

​@Chi Er 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.

Mexico is close to the US so goods transportation is also low cost

China supports those Mexican cartels. Decoupling from China would reduce a lot of the world's stability issues.

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.

was looking for this comment.

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

​@Lotr lmao We're hardly professional about our own political issues, so nothing new under the sun 😅

was about to address this as well haha

Same thoughts lol

I haven't heard of this, what happened?

Have you seen the pictures?

The nets solved it.

It was a really interesting book. Although also sad if you care about kids on the other side of the world.

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.

I think the real miracle would be that there is no polarization between the rich and the poor, no excess capacity, no financialization

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.

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

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.

@brandon m 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.

Even England had issues with poverty and over population due to the industrial revolution, the two world wars helped reduce their population

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.

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.

He's basically just quoting Peter Zeihan. That's who you need to check out.

Turns out it's fake news

Economically speaking kids are worse than useless. They are expensive but worth it

What really? epstein and biden loved them 😢

​@Big Boss 😭😭😭

​@Big Boss Westerns love kids though, all of you.

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?

stuff made in vietnam kind of sucks

@Yuanrui Chen 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.

@DailyRant Now chinese products are sold in the us two times more expensive than sold in China

& 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.

​@Hayashi ItsujisaruoHow are working conditions in the capitalist USA, or south Korea?

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.

@Chris Paul 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

@Florence Cox 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.

@Chris Paul You allow people to trade for you? that's interesting, I would love to learn, hope it’s safe?

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.

@Queen OF Love 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.?

Source trust me bro

​@Jack Smith you need a source for the sky being blue? Look out the window.

@Titanium Rain ooooh arent u that gun boi loving guns. So ur sky us smokey isnt it

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

@武 Understandable albeit you assume both parents are rich. Btw, I am using google translate, so we might have mis communication.

@Mr. Mul 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。

AI会阻碍发展中国家工业化，他们很可能失去发展的机会，需要警惕AI，只有80亿人都过上好生活经济市场才会更大，发达国家应该帮助发展中国国家发展经济，而不是制造不利于发展的矛盾，欧美日韩发达经济体只有10亿，剩下的70亿人需要更好的生活，这对发达国家也有利，因为发达国家有先发优势，技术优势，可惜他们并没有帮助他们

"not try to predict something that involve many complex factors." So what, just sit down, never make content? Never speculate about the future? Don't even bother trying to predict the weather, so we can improve models?

​@Nickolas Brown yeah that was a question mark from me too. Not sure what they were trying to say

Yeah, let's just watch...

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..

@Matthew Carey 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.

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.

@Sky Blaze funny how we might become the part of the statistics in this video, 😔 man life is hard.

@NF life's a joke

@Sky Blaze It's called technology advancement If your skills are outdated and not needed anymore then learn something else

Exclude india ,india not following East Asian development model .

not all wrong, just tremendously wrong and exceedingly obstinate😅

​@Godslayer TantyaIndia re-define what is industrialization， Turk re-define economy.

​@Godslayer Tantya China and India have almost the same population and economic situation, even India's GDP initially exceeded China's, why China's GDP is now six times that of India, this is a question worth pondering

Reverse is not possible

What do you mean 'from a western country'? Why wouldn't they be able to?

Most biased content are from Indian channels.

lmfao, maybe you should watch less CCTV and CGTN

Peter zrihan the fake

Less likely. It is not until the China started to in large scale develop their companies business overseas, backed by government, the japan only follow the same roughly at the same time of china. And china has some edge advantages compared with Japan, with all the still low cost manufacturing line. Japan only retains the high tech industry, the others are all long died off.

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.

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.

Yet he thinks China Airlines is China's...Unless he thinks Taiwan is part of PRC...

@noob168 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.

A big contributor to low inflation was/is the increase in GDP. The low cost of consumer goods is what China was for.

Sheer force of will can accomplish amazing things. Unify a nation. Prevail and thrive through adversity. Build mighty empires. But once momentum is spent, sheer force of will - along with everything it accomplishes - always fails catastrophically. Internal collapse and external attacks can't be thwarted forever.

Maybe the economic side of things, but definitely not raising fertility rates simply because no developed country has besides Israel. Which is unique and not applicable to any other country because 1) Israeli's are still scarred by the Holocaust and 2) They and the Palestinians are trying to outbreed each other. There are other minor reasons like Israel being the only country to fully subsidize IVF, but those are the main 2.

no they wont

Most stuff on Ali express is still cheaper than its American-shipped counterpart.. but therein lies the dilemma... how long are you willing to wait? On average, most items I see are between 30-40% cheaper on Ali express for the exact same item found on Amazon or Ebay. But unless it's something I already have lots of, I'm not willing to wait a month for it.

did stepjan invent iphone?

Do you have any source or example for that kind of claim ? Globalization occurred because it worked. I would be interested to at least hear your reasoning

I mean utilizing comparative advantages does work. Sure as countries industrialize and demographics change over the long term offshoring "may" hurt. But the time spans we are talking about are literal decades, we live in a world where the next new product has a shelf life of 2-3 years at most. Getting short term advantages and undercutting competition creates a snowball effect much greater than a weak investment over a long period can provide

Offshoring became necessary when Unions drove up costs and governments regulated us out of business. Companies simply adapted. China has or enforces no rules, so they went there. Unions were warned this would happen, but they were working with the enemy (Communists).

Chinese art has already exploded. They're in the middle of a massive, and I mean absolutely massive cultural revival.

The large "glut" of working age of people still hasn't retired, they're 50-54 year olds. And also, as said in the video, there's a pretty big skill mismatch between what the prospective worker has and what the economy needs.

You can use vpn in China to access, YT, FB, Google, etc. When I travelled to China, I have 2 options. The first is to use vpn with a Chinese sim card. The second is to enable roaming since my telco is based in Singapore. I have also used a sim card from a Hong Kong based telco. I just enabled roaming when I am in China.

@NS Ng It is very expensive to use a Hong Kong calling card to open roaming costs. I use a Chinese VPN, 2usd can buy 130g of VPN traffic. I used 40g for forty days.

我用的 75一年 速度挺好的

@Kendrick 你这个更是重量级，不过我一年有八个月时间在澳门，不需要一整年的，12块130g的vpn简直爽歪歪

那兄弟你还打算回中国大陆发展吗说实话？😂

China has the lowest labor productivity is the worst in the world, among those who publish such figures. It might be better when adjusting for price level, but it is still lousy because their factories are so reluctant to change. For example, instead of conveyors, many Chinese factories (especially in rural areas) hire people to drag it across the floor, including an imaginary hypothetical one that I am going to use to illustrate my point. The owner of our hypothetical factory is typical: he (or she) comes up with a series of excuses as to why conveyors will not work for their factory instead of investigating to see if it could work. Thus, the factory never increases its automation and eventually becomes uncompetitive, so it loses all its export business. Then, the business really struggles, and eventually faces bankruptcy.

@Unconventional Ideas I think it's only valuable price adjusted. There are 2 distinct labor productivity categories, one is developing the other is developed. There is a massive gulf between the 2 categories that's astronomical, but the price diff is also astronomical. Until the cost gulf *really* closes, the productivity gulf doesn't need to close.

@Real Name When you look at comparable countries, there is still a gap. In Mexico, the average worker produces about twice as much economic activity per hour worked compared to China.

@Fluoroantimonic Tipped Cruise Missile Is Mexico really a valid comp tho? They industrialized along with the rest of the western world, China didn't open up until 78. Also the worker productivity is a measurement manufacturing productivity. It's total GDP divided by total work hours. A easily skewed data point. Since China has 400 million agricultural workers, I don't think that stat represents the economic viability of it's industrial economy. It's overall productivity is limited by demand, not supply. The workers multinationals are hiring are not hired to do farm work. The transition from unskilled agriculture to unskilled manufacturing immediately multiplies gdp output.

@Real Name If US buisness wants to reshore, nearshore then friendly shore in that order of preference, Mexico is a strong candidate to go to. That makes Mexico a good comparison.

Guess people’s greed and lack of education is the problem - but hey, this is what drives the economy indefinitely, why stop the money train? Just make sure you’re the smart train driver ;)

@TulakHord-wi6izrobot 😞

@TulakHord-wi6iz so robot aren’t going to steal our jobs in the future?

@TulakHord-wi6iz ohhh thank you for clearing this one up

Interesting point.

Just useless in general

@The Boulder takes issue with that comment I take it you don't like kids or have any?

@Daivd Smith I don't keep things with no use around

What’s the GCC, mate?

@Dūm Dūm Brown Gulf Cooperation Council countries: KSA, Oman, Bahrain, Kuwait, Qatar and UAE.

that's because he's shamelessly plagiarizing

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.

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 🇵🇪)