mguar wrote:Mad Machine; I think I can explain why your numbers and mine are so different.. Your numbers are based on the population as a whole. Mine I suspect were based on professionals..In reply to Schmidlap: Wouldn't you love to have your wages doubled at the same pace? In 1990 I was making $120,000 yr.. so by 2000 I'd be making $240,000, 2010 it's up to $480.000. Darn the next double would get me within spitting distance of a Million dollars a year.
Sweet!
My information was a bit dated. or I'd find the source for you.. I believe it came from a Newsweek article I'd guess about 5 years ago and I believe it was talking about professionals.. (not farmers) If the cheapest new cars in China are in that $5-$6,000 range (I should look it up) I do know that Audi's are the #1 best selling new car for the upwardly moble professional (passing Mercedes and BMW) and China is Audi's #1 customer base.. and new apartments are as expensive as they are (I haven't seen any in major cities under $100,000) Your math doesn't seem to work out..
I suppose it's the source?
As for children leaving the farm? You are aware of China's one child rule aren't you?
It's the professionals who are buying the Audi's and expensive homes.
There is a really giant sized furniture factory in China that's run by 13 people (It was shown on China Today) and they were making $43,000 a year. To be fair I don't know if that was each ones income or the average of the work force with someone making more and some others making less.
