Why China missed the industrial revolution →
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Noah Smith @Noahpinion Nov 1811 retweets19 likesReply Retweet 11 Like 19 More
Maybe the Industrial Revolution happened because European labor was expensive: http://www.voxeu.org/article/why-china-missed-industrial-revolution … So how about that minimum wage?
The Industrial Revolution was fostered by abundant capital that lowered interest rates & raised wages: http://www.voxeu.org/article/why-china-missed-industrial-revolution … @Noahpinion