Cheap prices for the customer equal low pay and bad working conditions for the producer. Same is true of Wal-Mart... look into all those Chinese mega-factories

Cheap prices for the customer equal low pay and bad working conditions for the producer. Same is true of Wal-Mart... look into all those Chinese mega-factories where all that stuff is produced. It's one of the core paradoxes of economics. I want a cushy job with great pay, but when I go shopping I implicitly want everyone else to have a shitty job with low pay. There's a name for this paradox but I'm forgetting it right now. It's very similar to the paradox of thrift: it's in my interest to save, but for me to save someone else must be spending. If everyone saves nobody can save. Almost everything in economics is a paradox since there are two columns in accounting-- every transaction has a counter-party. It's bizarre for something not to be a paradox in economics.