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Could anyone please explain what the following in bold mean in the given context?
Despite their lower wages and often equally wretched working conditions, none of these countries can compete effectively with China. One important reason is simply that manufacturers in China get a lot more productivity bang out of the wage buck. Chinese workers are relatively better educated and, more important, far more disciplined than the workers found in the poor barrios of Caracas or Rio de Janeiro or the slums of Soweto or Lesotho. This means that dollar for dollar and yuan for yuan, China can provide higher-quality, more-disciplined workers; on a productivity-adjusted basis, their workers are highly competitive with virtually every other country in the world.
Could anyone please explain what the following in bold mean in the given context?
Despite their lower wages and often equally wretched working conditions, none of these countries can compete effectively with China. One important reason is simply that manufacturers in China get a lot more productivity bang out of the wage buck. Chinese workers are relatively better educated and, more important, far more disciplined than the workers found in the poor barrios of Caracas or Rio de Janeiro or the slums of Soweto or Lesotho. This means that dollar for dollar and yuan for yuan, China can provide higher-quality, more-disciplined workers; on a productivity-adjusted basis, their workers are highly competitive with virtually every other country in the world.
Thank you.
manufacturers in China get a lot more productivity bang out of the wage buck = They get more for their money, they get more work out of their workers for the money spent on wages, than the other countries can.
This means that dollar for dollar and yuan for yuan = Because Chinese workers are highly disciplined and educated, the manufacturer gets value from them per dollar/yuan spent as they work well.
on a productivity-adjusted basis, = by using productivity statistics, it can be shown that Chinese workers produce more per worker than those in the other countries.
I'll just add that, because of the alliteration, 'bang for the buck' is quite a common idiom, especially in business. People say 'more bang for the buck' even in the UK, where we don't have 'bucks'. "Bang for the wage buck" isn't nearly so strong a collocation, but the writer used it as a short way of saying 'bang for the buck spent on wages'.
wage buck 
I'll just add that, because of the alliteration, 'bang for the buck' is quite a common idiom, especially in business. People say 'more bang for the buck' even in the UK, where we don't have 'bucks'. "Bang for the wage buck" isn't nearly so strong a collocation, but the writer used it as a short way of saying 'bang for the buck spent on wages'.
Linear Mode
