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Joined 2 years ago
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Cake day: July 5th, 2023

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  • I think there’s a good reason for them to present realistic numbers for wages, especially in manufacturing. It’s because western companies need this data when they decide whether to move production to China. If the bean counters made projections based on a set of numbers, then in reality thigs were significantly different, that would be a problem. If PRC inflated say the wage numbers, it would have a negative effect on offshoring, fewer firms would decide to do the move or would move elsewhere. That’s why I think these topline numbers are likely not far from reality.