Earlier quoted context omitted.
Most Middle Eastern countries have made approximately zero progress on worker training and productivity in the past 20 years. Some have even gone backwards. There's no reason to expect they will do better in the next 20. It's a sad waste of human potential due to toxic politics and unfavorable geography.
If progress was equal everywhere we wouldn't have all these laggards willing to work for peanuts to improve their life (because the peanuts they were working for locally are even smaller than foreign peanuts). ~5% of the population currently not getting the job done doesn't invalidate any part of my argument. It just means that 5% might be the last guys left in the dark ages if progress continues and the policy of of…
Re: Germany's days as an industrial superpower are coming to an end
#111Political instability means that manufacturing will never be significantly offshored to the Middle East. It doesn't matter how cheap the labor is if you're worried your factory is going to get blown up. For all the faults of the Chinese government, they have at least created a safe environment for manufacturers to operate.