Hacker News new | past | comments | ask | show | jobs | submit login

Doesn't seem to be working too bad so far.



I must be living in another world then. GDP of EU is stagnant since 2008 whereas US and Chinese GDP exploded during that time. Ultimately whoever has the most money is going to win so let's not try to redefine economical indicators and say that GDP is no longer relevant etc.


As a member of eastern EU block, I sometimes look at avg. salary in China (114029.00 CNY/Year per [tradingeconomics](https://tradingeconomics.com/china/wages)) and wonder when will they earn more (though the wages are basically incomparable due to different taxes). It won't take a long time.

15% inflation in 2022 was fun, 11% in 2023 even more fun.


AFAIK Chinese workers are already more expensive than eastern EU ones (but tight logistic integration makes the overall manufacturing cheaper) and so are Indian devs in India already more expensive than eastern EU devs. "Prosperity"


Japan's GDP has been stagnant since 1995.




Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: