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What your missing is that, thanks to globalization, those cities have to compete against cities in third world countries without nice things such as minimum wag
by tomatotomato37 8y ago
What your missing is that, thanks to globalization, those cities have to compete against cities in third world countries without nice things such as minimum wages or workers rights that tend to be viewed as burdens by most corporations. This is less an incentive to expand and more begging the company to stick to the status quo and not to bail out to Bangladesh the first chance the company gets
- omegaworks 8y ago> thanks to globalization, those cities have to compete against cities in third world countries without nice things such as minimum wages or workers rights How dare you question the unmitigated good that is free trade? Of course capital should be free to move wherever it pleases while labor remains shackled under kafkaesque bureaucracies. Dance for your visa puppet! Dance! I'll make sure you have as little time as possible on your hands to question my resource wars and extractive interests.
- AngryData 8y agoThen the obvious solution is to apply a import tax on those companies, rather than trying to bribe companies for favors. Hell it could be called a 'human rights violation tax', specifically to fight the outsourcing of jobs to abusive foreign business or assemblies.
- fzeroracer 8y agoNot only is that an extremely overly simplistic look at how globalization actually works, but ignores that we can't just blame globalization while doing everything in our power to kneecap growing industries in favor of ones that are dying or in the process of being automated. We should be adapting to the fact that a lot of these jobs will be automated in the near-future and/or the fact that most of these companies are more profitable than ever yet demand more and more from local and state governments.