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Is this really feasible in a globalized economy? If wages were constantly forced higher wouldn't companies simply offshore increasing amounts of their labor or
by Thriptic 11y ago
Is this really feasible in a globalized economy? If wages were constantly forced higher wouldn't companies simply offshore increasing amounts of their labor or headquarter in another country?
- maxxxxx 11y agoI don't know how you could enforce this. But as I wrote before, as long as the elite keeps capturing all gains from productivity for themselves, demand will stay low. Maybe there are tax schemes that encourage paying higher wages but I don't know.