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Why Do Low Wage Countries Have Low Wages? | Clear Economist

We've all heard about "low wage countries", where companies sometimes move their factories in order to save money. But have you ever asked why this disparity exists? Why do those people earn less? In this video, I discuss the answer. It has a lot to do with the totality of what gets made and sold in a country's economy, how much of it, and how many people are involved in each part.