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In the void, regulation (assuming you talk about the producing countries) simply won't work. If suddenly, a given country would, say, increase minimum wage and
by pizza234 11y ago
In the void, regulation (assuming you talk about the producing countries) simply won't work.
If suddenly, a given country would, say, increase minimum wage and mandate safety conditions, it would increase the risk of losing market share. That's just how it works - only a small fraction of the production/consumption chain gives weight to the sources of the goods.
Of course, that doesn't imply that regulation doesn't work; I'm saying that by itself, it's not going to work.
- tw04 11y agoIt needs to happen at the consumer's country. We should have laws banning import of any goods or services from countries that don't have a decent living wage and mandated safety conditions. Of course the price of goods will increase, and then the rubber will meet the road. Do we care more about our "things", or people half way around the world being *pulled out of squalor?
- monochromatic 11y agoAnd when you say "pulled out of squalor," you really mean "put out of a job."