There wages are also far below those in the west. Just another reason we are all screwed. We have money to spend (at least for a little while). They aren't earning much, but are manufacturing like crazy and exporting (selling to us) so they are richer than they used to be. You might call it a "transfer of wealth." Enjoy, those cheap Chinese gizmos and gadgets, while they last. Nero too, enjoyed his fiddle, while Rome burned.