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> increases pay Directly contradicted by your own assertion that someone in India will work for cheaper > improves workers rights Citation needed. The only o
by hood_syntax 10y ago
> increases pay
Directly contradicted by your own assertion that someone in India will work for cheaper
> improves workers rights
Citation needed. The only one I can accept off hand is that it reduces inequality between western workers and those in countries with less opportunities. It certainly doesn't reduce the gap between CXOs and their employees
- yummyfajitas 10y agoThe Indian person works cheaper than Nordic people, but his own pay improves. The result of this has been rising incomes, primarily among the poorest. The "elephant graph" is the most important graph in the world of economics: https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iVkQuGtP3s24/v0/-1x-1.png https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iVkQuGtP3s2... Citation needed. The only one I can accept off hand is that it reduces inequality between western workers and those in countries with less opportunities. See the work of Branco Milanovic - the bulk of inequality in the world is across borders rather than within borders. His book is excellent: http://amzn.to/2dl3sVJ http://amzn.to/2dl3sVJ Worrying about inequality between CXOs and their employees is also a silly distraction by politicians. Inequality in the US is mainly between firms, not within them. Inequality within Google and within Walmart has not gone up much, it's inequality between Google and Walmart that has gone up. http://blogs.wsj.com/economics/2015/05/27/u-s-pay-inequality-is-growing-more-between-firms-than-within-them-paper-says/ http://blogs.wsj.com/economics/2015/05/27/u-s-pay-inequality...