- cross-posted to:
- world@lemmy.world
- cross-posted to:
- world@lemmy.world
Foreign investment would be an economic boost for Mexico. The company has claimed that a plant there would create about 10,000 jobs. A Tesla competitor, BYD markets its Dolphin Mini model in Mexico for about 398,800 pesos—about $21,300 dollars—a little more than half the price of the cheapest Tesla model.
Wealth does not necessarily improve quality of life.
Notably, electricity (among other things) is substantially cheaper in Shanghai.
On an individual level, sure there’s sad rich people, and happy slum refugees. On a population level it makes a huge difference.