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People blame ideologies trying to hide some simple, basic facts: when 1 billion people in China and 1 billion in India earn $50 a month and the minimum wage in
by AdrianB1 11y ago
People blame ideologies trying to hide some simple, basic facts: when 1 billion people in China and 1 billion in India earn $50 a month and the minimum wage in US or Europe is $40-50 we don't like anymore the competition and open market, so we run in circles blaming ideologies that don't even exist in reality anywhere.
- noobermin 11y ago>and the minimum wage in US or Europe is $40-50 What do you mean, in the hypothetical case in which tomorrow, the minimum wage is the same everywhere? I certainly don't make $40 an hour.
- AdrianB1 11y ago$40-50 per day, not hour. The comparison is that the average US or European worker make in a day as much as the Chinese or Indian worker in a month. This huge difference of potential creates tensions on the market and in the liberal (no idea where the "neo" comes from, maybe Matrix?) economic doctrine the tendency is the competition to drive the gap to minimize or close. Will that be with European workers earning $50 per month or Chinese earning $50 per day? None, because the European protectionism is distorting the market and maintaining the tensions with the price of immigration, terrorism etc.
- kafkaesq 11y agoThe minimum wage in US or Europe is $40-50 Huh?
- AdrianB1 11y ago$40-50 per day, sorry for the missing word.