Alicia García‑Herrero
speaker
388 appearances
1 recordings
1 series
first heard Aug 2026
last heard 6 Aug
Alicia García‑Herrero’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Aug 2026 with 1.
Appearances
It's a feature of the Chinese economy.
And why it's now more serious is because I think at this point in time, the ultimate objective is different.
So if you tell me what was the objective in the early 2000s, well, it was to bring a huge chunk of the population out of poverty, urbanizing, bringing all of these people from the rural areas, giving them jobs.
Yes, maybe wages were not growing, but there was this inclusion.
Growth was more inclusive because they were urban.
Now it's all about hegemony.
It's about the upper part of that technological upgrade.
When you go to that level, more and more people fall behind, yeah, because it's like a pyramid.
It is much more automated, and therefore the benefits for the labor force are smaller, yeah, because there's fewer people involved.
So I think that is when that dichotomy becomes more harmful for households.
Just to give you a sense of what all of this means is that for China to excel in moving up the ladder, export their way out, creating these giant companies globally,
They need to sell overseas.
How do they sell?
They basically lower prices to increase their market share.
To do that, what happens is that their profit margin goes down and they have less and less profit, fewer profits left to feed their wages.
So we find, actually, that wage growth in China, actual wage growth, not official data, was barely 1% by the end of 2025.
It's probably lower now.
So we use financial statements, you know, actual data for wages.
That means that all of that growth is only going in one direction.
You know, it's like the households are getting less and less out of that growth model.
Showing 61–80 of 388 · page 4 of 20
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