satoshi jr on Nostr: Yes all of history If you take the instance of China, the lower wages incentives ...

Yes all of history
If you take the instance of China, the lower wages incentives companies to move production away from higher cost areas like the us
Companies produce at lower costs so goods are cheaper which is the benefit of consumers.
With the capital expenditure and technology transfer the real productivity of the Chinese labor increased, their wages increase and accumulate into their own capital.
Large amounts of the 1b people get lifted out of the poverty Mao created.