People's Republic of Capitalism

In today's class, we continued watching the video "People's Republic of Capitalism". The movie explained how the U.S's economy and China's economy are so different, yet so intertwined with each other. In the United States, the minimum wage is 7.25 an hour, but in China, there is no law or regulation with business criteria. For example, regulations to have a clean or safe factory, or laws to pay their workers a certain amount. Usually, Chinese are lucky to be paid 4 dollars a day, when any American job gets you 7.25 an hour. In the video, we saw a Chinese demolition team destroying a house. One of the workers had her child with her while she was working, because she couldn't leave her at home and couldn't afford a daycare. It was actually quite sad to see people working so hard to earn so little in the end.
Because Chinese workers often work for very cheap, many foreign companies in the United States produce their goods in China. This allows for jobs to be lost in the United States. The reason so many things in the U.S are produced in China, is because it costs only a fraction of what it would cost to be produced in the U.S, even with round-the-world shipping costs. Yet, Chinese workers depend on foreign companies to create jobs for them, so that they may support themselves. Even though  both economies are very different, they still depend on each other so that they may prosper.