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Old 03-10-2008, 02:31 AM   #34 (permalink)
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Originally Posted by DRS112 View Post
My other post really only addressed it from America's standpoint...but the truth is it is bigger than us and probably bigger than us and whatever country that could be talked about specifically...

Ethically it is wrong to pay "slave wages", that is it is wrong to pay wages below the host countries minimum wage or use forced labor. But to call 1/1000 of what we make slave labor is kind of disingenuous...that 1/1000 after PPP may be more than those people have ever seen in their life. But that's not the end of it....sometimes developing countries keep their minimum wage low to attract FDI, especially if they have a huge surplus of labor. This allows the manufacturing infrastructure to be built and for the population to become more skilled, while lowering the unemployment rate...They can then do business with other developing countries...kind of a multiplier effect....

Not to mention...do you think the tech boom of the 90's happened by pure chance? Or as a result of cheaper products and our ability to shift resources away from manufacturing towards developing technological products.

So what's the alternative? Discourage trade with those countries? massive numbers of unemployment there is more moral than comparatively low wages? Is the alternative protecting the status quo of our economy here? How do you we progress beyond what is to what will be if our goal is protecting the status quo?
We just need to make sure which industries we allow this to happen to. Once an industry with minimun wage meets the rediculously inferrior wage then the winner is obvious. Also a good screen for outsourcing hugely profitable American businesses for exploiting that situation. Also a wonder if it's really benfitting the consumer in lower cost, or benefitting the corporation who is profiting higher.
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