COL is even higher in China relative to their domestic wages. Yet, entrepreneurs... | Hacker News

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		NicolBolas on Oct 22, 2023 \| parent \| context \| favorite \| on: Canada has fewer entrepreneurs today than it did 2... COL is even higher in China relative to their domestic wages. Yet, entrepreneurship is much more dynamic in China than Canada. It's a cultural problem. Hustle culture and entrepreneurship is respected in China. That's not the case in Canada.

nmfisher on Oct 22, 2023 [–]

I don’t know about Canada, but there’s also no unemployment safety net in China, which drives a lot of “neighbourhood” businesses (hairdressers, AirBnb, milk tea shops, etc).

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