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Notes -
China has more innovation than Europe even controlling for their population. Sizably so.
I think Rov's point is that China has such a huge population to start with that even now that they're "controlling" it, they're best analogized to "what if we had a much bigger labor pool here in the US" than "what if we shrunk our labor pool too".
I’m not sure why it would work like this. If we consider it all per capita, shouldn’t China need an even larger pool of laborers given their manufacturing and mining sectors? But they’re getting away with far fewer laborers per capita while sustaining an absolutely dominant domestic industry. And their wages are continually rising across income levels!
https://old.reddit.com/r/economy/comments/142c9t2/manufacturing_wages_in_china_have_risen/
https://www.statista.com/statistics/743509/china-average-yearly-wages-in-manufacturing/?srsltid=AfmBOooSJ4r5rbVOvysJpCOwmvC_KqezPi__XLD0kqBb7HReoqDmUww7
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