Wouldn’t this just be plain old fashioned authoritarianism? America can latch on to this too, and we might based on how the Trump admin turns out.
Wouldn’t this just be plain old fashioned authoritarianism? America can latch on to this too, and we might based on how the Trump admin turns out.
It's not just raw labor force. It's capable engineers, designers, architects, etc. How is illegal immigration going to solve this?
> they'll still live comfortably even on minimum wage.
You made a few good points until this one. No one in the US is living comfortably on minimum wage.105K RMB yearly is close to or above average even in the above cities.
for some state the minimum wage can be $15 or higher, this is wayyyy better than China.
Ask your local waiter with a college degree if they would have studied something else if they got the chance. My experience is that many would.
The problem of bad choices is orthogonal to the problem you are describing.
'HEY 17 YEAR OLD! Get a sellable skill! English literature is probably not enough! Working for minimum wage sucks!'