Investing with KKR’s Joe Bae
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Do You Think We're Entering a New Era?
We're entering a new era. And do you think it's an era of d globalization? I think these are decade long trends. When china entered the w t o, there was a massive arbitrage around wages between the us. The west and china,. which is really what we've seen around globilization, low cost manufacturing, efficient manufacturing in asia. That wage gap to day in china is around for x. So it still has awa advantage, but it's not anywhere near what it was, you know, a couple of decades ago.
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