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The purpose of a system is what it does.
I wish I had understood this a decade ago
So do I!
Didn’t read, but I’ll just translate that headline to std. US propagandish. “China stole our wages !” /s
“China steals wages of US workers, but do Chinese workers actually benefit from higher wages?”
Inflation is low at currently ~1.2% and that’s also the average of the last ten years. Food inflation is negative. So this really increased living standards.
