Link to underlying research: https://research.gavekal.com/article/unraveling-chinas-produ...

I actually wonder how much labor costs impacts profitability. I need to look at the financial reports. But if it (worker salary) is a small part, maybe improving the 1:2 production ratio could be more useful? Is there any reason Chinese workers are producing double the number of cars per worker? Does the Chinese super factories have better automation?

I suppose it would be way less if you only compared to U.S. prisons labor, but a race to the bottom is not to be admired.