[GarySpFc]

Russian wages are less than China's wages.

That is not quite true. Go to the CIA World Fact Book and you will see the GDP Per Capita for China is only $6,300, whereas for Russia it is $10,700. The Russians have many benefits which are not included in their wages.

[gogeo]

GDP per capita is not the same as wages.

[Southack]

"That is not quite true. Go to the CIA World Fact Book and you will see the GDP Per Capita for China is only $6,300, whereas for Russia it is $10,700. The Russians have many benefits which are not included in their wages."

Lol! Good job, but that's not what's in play. My point and your point are saying the same thing, however.

GDP is what the workers combine to produce. Wages are what the GDP costs.

I'm pointing out that Russian wages are now lower than the wages of the urban Chinese worker.

You're pointing out that the Russians produce more per person than do the Chinese.

Both of those things mean that Russian manufacturing is a better business bargain than Chinese.

Also, the CIA Factbook is extremely misleading...for GDP per capita figures it uses an adjusted formula for buying power...rather than simply telling us what people make in wages and what total amount of goods are sold.