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Comment by kuboble

I also think it is probably good. Similarly when I was born in 1980's in Poland my father's salary was roughly 0.1$/hrs. My first job in 1999 paid me less than 2$/hrs. If any American company would be allowed to hire pepole in Poland in 1980 for 1$/hr people would pay bribes to get this job even if it was a humiliating, damaging, life-shortening physical labor. Why Poland got richer after 1990 is partly that we allowed western companies to buy cheap polish labor. The labor was good enough that the companies started competing for it and long story short now the salaries aren't 5% of western but depending on the sector maybe 20%-50%.
parent kuboble 3 years ago

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