A basket of fresh strawberries here in China costs 60 RMB (~$8). Local minimum wage is 21 RMB/hr ($3). That’s ~3 hours of work. In the US, a carton of $5 strawberries is 30 min at minimum wage. Same fruit, vastly different purchasing power. image
Xiaomi YU7 SUV: $33k USD base, $45k fully loaded. I tested the full self driving which uses LIDAR + cameras, lane changes, right turns, yielding, zero input from me. ~350-mile range, air suspension, sub-3 second 0–60 on Max version. Built by $4/hr factory labor.
Even in low wage China I cannot escape the scourge of self checkout machines image
First time driving in China, I’m in a used $2k Wuling Mini! No airbags, 100 mile range, 65 mph top speed, it’s cheap can’t complain. The new $5k models have airbags and ABS. This top seller is built by workers on ~$3/hr, pulling 12-hour shifts with only 4 days off a month. image
Xiaomi used to just be a knockoff android phone manufacturer but now they sell high end electric sedans and SUVs alongside their smartphones