Theoretically, we (NA in general) can compete. Basically we compete on productivity and cost.
Demand higher standard of STEM education by putting up tougher criteria. Kill happy education. We used to have tougher Mathematics in schools, why can't we do it now? We don't have to push it up to CJK level.
Keep housing at least stable for 10-20 years to gradually let inflation take down the real housing price to maybe half of current level. Or build massive social housing projects. Whatever to keep housing affordable to young people.
Keep food price stable by controlling inflation on that side. Yeah it sounds a bit contradictory to the previous one, but it depends on how heavy a hand the government wants to use.
Once you have affordable housing and food, you can keep salary at a relatively lower level. Once we achieve that, we might be able to compete with China in certain areas. And combine that with better education and more technicians/engineers, we might be able to compete on both productivity and cost.
markus_zhang|16 days ago
Demand higher standard of STEM education by putting up tougher criteria. Kill happy education. We used to have tougher Mathematics in schools, why can't we do it now? We don't have to push it up to CJK level.
Keep housing at least stable for 10-20 years to gradually let inflation take down the real housing price to maybe half of current level. Or build massive social housing projects. Whatever to keep housing affordable to young people.
Keep food price stable by controlling inflation on that side. Yeah it sounds a bit contradictory to the previous one, but it depends on how heavy a hand the government wants to use.
Once you have affordable housing and food, you can keep salary at a relatively lower level. Once we achieve that, we might be able to compete with China in certain areas. And combine that with better education and more technicians/engineers, we might be able to compete on both productivity and cost.
The thing is no one wants this.
SilverElfin|16 days ago