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hunalkuwait

Saturday, January 08, 2005

how can the rest of the world ever compete....

no wonder the chinese are swarming to kuwait by the second. i'm sure most people have notice their recent prevalence on construction sites crowding out arab and other asian builders. well i just came accross this article that confirms what we already know - the average chinese worker makes around $0.64 (64 cents!) vs. $21 for americans!

and btw - that includes total cost of a employee including labor support taxes, wages and other costs to the employer!

imagine what a 200KD freebie would do for those guys - and they'd probably invest it too. the chinese - in case you haven't heard - have one of the world's highest individual savings rates.

i think i know where the sun will rise tomorrow.

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