41–50 of 686 posts
Earlier quoted context omitted.
I have a cynical view (sorry) that labor will always be cheap somewhere. It's part of the globalization machine, there will always be a decline somewhere, and if there isn't, one will be created.
This view seems inconsistent. Artificial manipulation is not sustainable in the long term. The ability to continually create conditions that lead to cheap labor is limited and will eventually fail.
What I find ironic is that as businesses leave China, they move into the exact same type of culture in Vietnam and India. Vietnam is basically a mini China and India is trending towards the same authoritarian regime that most people find distasteful. The entire western world is so addicted to cheap labor I don't know what would happen when there is no more cheap labor to be found. There will be a huge social disrupti…
indeed. vietnam is run by the communist party of vietnam. remember, they won the war. that's why there is no south vietnam and north vietnam anymore (unlike korea). there is no free speech. there is no rule of law. there is no free market. https://en.wikipedia.org/wiki/Communist_Party_of_Vietnam i wonder how long it will take before we start hearing "i hate the VCP but i love vietnamese people/culture". probably when…
Can other expats who has since left, or have decided to stay, share their experience as well?
I've been working in, and out of South China since 2009, and have called it quit 2019, when it became clear the industry was done for, and CoVID mess only reinforced my decision. I never held any fraternal feelings with the country, even though I am ethnic Chinese, nor I had any delusions about making long term plans there. In my years there, I kept seeing rose coloured glasses wearing American expats. I met Tim Cook…
I applaud you for your clarity on the country of your ancestors. It is a shame.
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I've lived in China and I can tell you, you will NOT like China especially for the reasons you've stated. China has a ton of problems that aren't readily apparent unless you are feet on the ground. The majority of the culture of china is, "dog eat dog" in that you will be scammed and taken advantage of unless you speak fluent Mandarin. You will run into problems with excessive Chinese bureaucracy both with the govern…
What is a Dach town?
It's so interesting to read this perspective since it drives home "the grass is always greener.." for me. I've lived a pretty charmed life in the US for the past few years (like the majority of HN, I imagine) but I find myself longing to move to a country with dense cities, affordable housing in the city center, great public infrastructure and a modicum of agreement among the citizens and China fits the bill pretty g…
Earlier quoted context omitted.
indeed. vietnam is run by the communist party of vietnam. remember, they won the war. that's why there is no south vietnam and north vietnam anymore (unlike korea). there is no free speech. there is no rule of law. there is no free market. https://en.wikipedia.org/wiki/Communist_Party_of_Vietnam i wonder how long it will take before we start hearing "i hate the VCP but i love vietnamese people/culture". probably when…
Do you see people endorsing the VCP now? Observing that they’re better than the CCP doesn’t count.
chinese companies also operate factories in vietnam, that's another aspect people just kind of gloss over.
What I find ironic is that as businesses leave China, they move into the exact same type of culture in Vietnam and India. Vietnam is basically a mini China and India is trending towards the same authoritarian regime that most people find distasteful. The entire western world is so addicted to cheap labor I don't know what would happen when there is no more cheap labor to be found. There will be a huge social disrupti…
Having traveled to Vietnam AND being a bit of a history buff, especially on US war history (and theres a “bit” of an intersection there). Can you explain how? They are a communist government sure and to get fairly large as a private company you do have to cut the government in (ie: Vin company, Viettel, Sunworld etc) but they do appear to be much less repressive and much more open than say a china. Especially sociall…
Earlier quoted context omitted.
indeed. vietnam is run by the communist party of vietnam. remember, they won the war. that's why there is no south vietnam and north vietnam anymore (unlike korea). there is no free speech. there is no rule of law. there is no free market. https://en.wikipedia.org/wiki/Communist_Party_of_Vietnam i wonder how long it will take before we start hearing "i hate the VCP but i love vietnamese people/culture". probably when…
Unlike China it's not like they can operate in a closed environment independently though, they need the outside world
china imports huge amounts of everything critical to manufacturing and food.
https://wits.worldbank.org/CountryProfile/en/Country/CHN/Yea...
What I find ironic is that as businesses leave China, they move into the exact same type of culture in Vietnam and India. Vietnam is basically a mini China and India is trending towards the same authoritarian regime that most people find distasteful. The entire western world is so addicted to cheap labor I don't know what would happen when there is no more cheap labor to be found. There will be a huge social disrupti…
The world will adapt when labor becomes scarce, it will have no other choice. The more scarce labor is, the more pricing power it has. Arguing over “what if AGI” is like arguing about nuclear war and winter. It might happen, but no plans you form for it will survive contact with reality, so there is very little value in spending cycles on optimizing for it.
What I find ironic is that as businesses leave China, they move into the exact same type of culture in Vietnam and India. Vietnam is basically a mini China and India is trending towards the same authoritarian regime that most people find distasteful. The entire western world is so addicted to cheap labor I don't know what would happen when there is no more cheap labor to be found. There will be a huge social disrupti…
indeed. vietnam is run by the communist party of vietnam. remember, they won the war. that's why there is no south vietnam and north vietnam anymore (unlike korea). there is no free speech. there is no rule of law. there is no free market. https://en.wikipedia.org/wiki/Communist_Party_of_Vietnam i wonder how long it will take before we start hearing "i hate the VCP but i love vietnamese people/culture". probably when…
Big countries with big population
Maybe Nigeria and Indonesia too, but it wouldn’t happen this century