the economic of a disaster

[striver44]

 

[lcloo]

Some industries face hardship while others thrive during crisis. Their fortunes depends on nature of crisis.

In Wuhan coronavirus crisis, hardest hit are tourism, airliners, rails and public transportations, entertainment businesses etc that are related to mass human to human interactions.

Pharmaceutical industries and their downline supply industries will thrive.

Overall, the economic outlook will be negative as there will be massive loss of productive human work hours.

 

[striver44]

Some industries face hardship while others thrive during crisis. Their fortunes depends on nature of crisis.

In Wuhan coronavirus crisis, hardest hit are tourism, airliners, rails and public transportations, entertainment businesses etc that are related to mass human to human interactions.

Pharmaceutical industries and their downline supply industries will thrive.

Overall, the economic outlook will be negative as there will be massive loss of productive human work hours.

China will be particualaryl hit had, cheap labor still is the backbone of the manufacturing industry

 

[Beast]

China will be particualaryl hit had, cheap labor still is the backbone of the manufacturing industry

Cheap labour is backbone? China GDP per capita is USD10000. Then I wonder how China can used cheap labour to earn USD14 trillion economy for such a long?

Do world fastest and most stable HSR looks like something build by cheap labour?
Or those high end machinery like tunnel boring machine are made by cheap labour? Same as the world leading Huawei Kirin 990 7nm chip are made by Cheap labour?

Cheap labour is now reserved for countries like Indonesia. We are middle class.

 

[striver44]

Cheap labour is backbone? China GDP per capita is USD10000. Then I wonder how China can used cheap labour to earn USD14 trillion economy for such a long?

Do world fastest and most stable HSR looks like something build by cheap labour?
Or those high end machinery like tunnel boring machine are made by cheap labour? Same as the world leading Huawei Kirin 990 7nm chip are made by Cheap labour?

Cheap labour is now reserved for countries like Indonesia. We are middle class.

oh yes i forgot those sandals, textiles , shoes, toys and porcelain are made my silicon valley engineers.

 

[Daniel808]

Average Wage in Indonesia RICHEST CITY (JAKARTA) only stood at USD 1,302 (Rp.17,9 Million) (9,120 CNY) per month
http://www.salaryexplorer.com/salary-survey.php?loc=1136&loctype=3

Meanwhile,

Average Wage in China (Shanghai) already reach USD 3,759 (Rp.51,6 Million) (26,300 CNY) per month
http://www.salaryexplorer.com/salary-survey.php?loc=24&loctype=2

That's almost 300% HIGHER

It's like someone from poor family barking they are much RICHER than their Rich neighbour
Keep your third world stupidity up, I laugh so much

@striver44 @mejikuhibiu @Beast @Kai Liu

 

[Kai Liu]

Average Wage in Indonesia RICHEST CITY (JAKARTA) only stood at USD 1,302 (Rp.17,9 Million) (9,120 CNY) per month
http://www.salaryexplorer.com/salary-survey.php?loc=1136&loctype=3

Meanwhile,

Average Wage in China (Shanghai) already reach USD 3,759 (Rp.51,6 Million) (26,300 CNY) per month
http://www.salaryexplorer.com/salary-survey.php?loc=24&loctype=2

That's almost 300% HIGHER

It's like someone from poor family barking they are much RICHER than their Rich neighbour
Keep your third world stupidity up, I laugh so much

@striver44 @mejikuhibiu @Beast @Kai Liu

There are stereotypes which are deeply rooted in people's mind. It is fine, at least Indonesia gets a GDP per capita of $4,000+, while there are people from places with GDP per capita less than $3,000 or even barely 2,000 something calling us cheap labor
Some people just have to look at mirrors first, before talking about others.