Posts Tagged ‘China’

  • minimum wage rates and Big Macs

    (Mc)Wages Around the World

    May 21, 12 • 6560 Views • No Comments

    It can be tough to compare wages around the world. While lots of people could be called iPhone assemblers or auto workers or t-shirt makers, depending on the country, factory conditions, time off, the work day, all really differ. Not for McDonald’s. At......  [read more]

  • terracottaarmy

    An Emperor, Immortality, and Monetary Union

    May 9, 12 • 670 Views • No Comments

    By Mira Korber, guest blogger. Two days ago I visited the Times Square Discovery TSX exhibition of the Terracotta Warriors. It is a fascinating display of history, art, and architecture, and I was particularly struck by some economic artifacts from 221 B.C......  [read more]

  • Aging Populations

    Apr 30, 12 • 831 Views • No Comments

    Just remember 4-2-1-whenever you think of Chinese demographics. 4 refers to 2 grandmas and 2 grandpas, 2 is their adult children and 1 is the next generation. The social fabric of China is shifting. In rural areas, the elderly population is growing as the......  [read more]

  • US Chicken Paw Exports to China

    Chicken Economics

    Apr 14, 12 • 915 Views • No Comments

    Ten chicks. If I were teaching in Uzbekistan instead of Summit, NJ, I might have received 10 Serbian chicks as a part of my salary. According to Radio Free Europe, the Uzbek government partially paid certain teachers and doctors with chicks. Their goal was......  [read more]

  • Chinese Consumers and Fresh Apples

    Chinese Economic Growth

    Mar 17, 12 • 808 Views • No Comments

    Our story ends with the recent 2030 Word Bank Report on Chinese economic growth. But we have to start with sunflower seeds. There once was a poor Chinese farmer who believed he could excel at nothing but sunflower seeds. Traditionally sold in stores, in bulk......  [read more]