Quote by Ray Dalio
Competitiveness is really what it costs you per man-hour to get you what you want. In other words, there's an education level that plays into the mix and so if it's inexpensive to buy an hour of real good education in places like China versus the U.S., that factors in.
Summary
This quote highlights the concept of competitiveness from an economic standpoint. It suggests that competitiveness is determined by the cost per man-hour needed to achieve desired outcomes. Education plays a crucial role in this equation, with the quality and affordability of education influencing a country's competitiveness. The quote specifically compares the cost of acquiring good education in China with that of the United States, implying that if education is more affordable in one country compared to another, it can impact their competitiveness in the global arena.
Topics
Education
By Ray Dalio
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