“When a country just emerges from poverty, it possesses cheap labor; it's the best period for everyone, including the poor. This sweet spot occurs only once in a civilization. China was in that position two decades ago, and now it's India and Bangladesh. Enjoy this advantageous position as long as it lasts. The labor costs will soon rise, and we will face the same fate as the West. On paper, these countries may have higher GDP and better HDI, but in reality, people cannot afford basic necessities such as food, housing, healthcare, and education.” PoorPovertyCivilizationIndiaChinaCountriesCheap Labor Author:Hemen K