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I didn't even compare the two, obviously having insane high living costs is another issue, but it's not nearly as bad as this current race to the bottom of labo
by freeflight 9y ago
I didn't even compare the two, obviously having insane high living costs is another issue, but it's not nearly as bad as this current race to the bottom of labor costs.
In Western Europe pretty much the whole low-income sector has been taken over by Eastern Europeans, working for weeks, sending home most of the money they make, working in conditions that nobody should have to work in (reversing labor rights progress) sleeping in their cars/group housing. I realize this sounds like some Brexit tale, but it is a very real thing that's been going on for quite a while and is one of the reasons for the stagnating real wages.
It's great for companies, cheap labor, it's not so great for the local populations who have to compete with foreign labor prices while having to come up with enough money to pay local living costs for their whole family.
Case in point: Try paying 100 times more for housing and healthcare in LA, once the vast majority of people are getting paid like call-center agents in India, won't work, can't work.
- fooker 9y ago>Case in point: Try paying 100 times more for housing and healthcare in LA, once the vast majority of people are getting paid like call-center agents in India, won't work, can't work. So, a bubble will burst and prices will decrease. You can already find cheap (as in cheaper than in India!) apartments some 30-40 mins away from Manhattan on the subway.