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If all of them collectively demanded higher wages, it would help a lot. If any of them demanded higher wages on their own, their income would drop to zero as ev
by brianpgordon 7y ago
If all of them collectively demanded higher wages, it would help a lot. If any of them demanded higher wages on their own, their income would drop to zero as everyone else happily eats their lunch.
Market forces will ensure that there's someone in a developing country who will do the work for less than a developed country's living wage. Usually when you have to fight the market, you do it with government, but that's tough since there's no global government setting a minimum wage. So I guess it's up to each country to adopt trade policies to restrict businesses in their jurisdiction from contracting with foreign workers. I don't think there's a good answer for how to solve this. American industrial and manufacturing workers have felt this pain for a long time.