-20 social credit.
Damn wait, we are going to need a similar joke as the r/Pyongyang sub somehow. I’ll have to think on how that translates to Lemmy.
this post was submitted on 14 Jun 2023
30 points (100.0% liked)
World News
22058 readers
55 users here now
Breaking news from around the world.
News that is American but has an international facet may also be posted here.
Guidelines for submissions:
- Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
- Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
- Do not post ragebait or shock stories. These will be removed.
- Do not post tabloid or blogspam stories. These will be removed.
- Social media should be a source of last resort.
These guidelines will be enforced on a know-it-when-I-see-it basis.
For US News, see the US News community.
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
Aging populations are definitely hitting Asian countries first, but this is indicative of a larger problem. I wonder how the west is going to handle dealing with this in 20 years while also not being able to rely on china for cheap labor. Governments and investors burying their heads in the sand until the last moment certainly inst helping.
Most of the west has already been dealing with this for decades, and the way they typically deal with it is through offshore manufacturing and immigration. The process has been to identify a low cost nation, build up enough infrastructure to work from there, move manufacturing to that nation, and then when the nation becomes wealthier and no longer able to be exploited, restart the process. We've seen this cycle with India and China, and now it's starting to branch out (a lot of South American nations are being bulked up as "near-shore" partners that are cheap, but also in the same timezone and closer for shipping). Africa is another continent with a lot of potential future options.
Perfect!