April 28, 2019.
Vast amounts of capital.
Strict management.
A steadily improving industrial chain.
And Homo sapiens Company's formidable technology.
Cities across the southern part of Luzon Island began to change noticeably. And the change was reflected not only in residents' incomes; more importantly, their spirits were lifted.
Construction projects such as roadbuilding, housing, and bridge construction were voraciously absorbing local labor. Cities and rural areas that had previously suffered from a labor surplus were now seeing large numbers of workers drawn into these projects.
If incomes simply increased, it would do little for the local economy. Money only had value if people could actually buy things with it.
Take Guangdong Province in China, for example. Why did the Chaoshan region receive a considerable amount of money from overseas remittances every year, yet its residents still struggled to improve their standard of living?
The reason was that the supply of goods people could buy had not increased.
Suppose local production amounted to 10,000 tons of goods, while residents held a total of 100 million yuan. The average price of those goods would then be 10 yuan per kilogram.
But if the total amount of money held by residents rose to 300 million yuan while local production remained at 10,000 tons, the average price would naturally rise to 30 yuan per kilogram.
That was "remittance-driven inflation."
There were only two ways to solve this particular kind of inflation: increase local production or bring in more goods from elsewhere.
It was only after online shopping took off that the Chaoshan region managed to ease some of the shortages driving up local prices, and even then, only through online purchases.
The southern part of Luzon Island, however, was tackling the problem on both fronts.
Abundant Home was increasing the volume of imported goods