Quotation 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., th

Ray Dalio

Education

Understanding this quote AI Analysis

Ray Dalio is saying that how competitive a country or company is depends on the cost of labor measured by the quality and time spent working. He highlights that education level affects this cost, meaning it's cheaper to pay for skilled work hours in countries like China compared to the U.S.

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