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That would make things cost a lot more money. The reality is much of our economy is built off the backs of essentially slave labor. And we're all guilty of ben
by ntsplnkv2 7y ago
That would make things cost a lot more money.
The reality is much of our economy is built off the backs of essentially slave labor. And we're all guilty of benefiting from it.
- xenonite 7y agoIn the short time, I agree with you. However, this also reduces the incentive to produce in a foreign country. Hence, this would even move many jobs back to the country where the consumers live. This in turn keeps the consumers' money in their country. Hence, their total wealth increases, largely already because the outflow of money is reduced. With more money available at the hands of the consumers, things don't need to be much more expensive than now.