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Due to the vast difference in wages, astonishing amounts of profit have been made from the super-exploitation of workers in poor countries. Other arrangements
by dontlaugh 5y ago
Due to the vast difference in wages, astonishing amounts of profit have been made from the super-exploitation of workers in poor countries.
Other arrangements are possible, but this is the tendency we see now with production motivated by profit.
- jsnodlin 5y ago
- asdff 5y agoOn balance is your life really any better than it was in like 1950 in terms of economics? Probably not. Homes are no longer $5k for new construction. Cars are no longer $1k. Etc. We now pay exorbitant costs to achieve a standard of living that was once common for a factory worker with a high school diploma. Who really benefited here from globalization? Clearly it wasn't the average American but someone far higher up the food chain who was already living comfortably.
- watwut 5y agoWell, 1950 was before civil rights era and during lynchyngs era, so quite a few Americans are in fact much better off. All of that had huge economic consequences. Women were not allowed to make contracts or wills, which included ability to open bank accounts. They were not allowed in top universities either. Internationally, it gets even more interesting. It was 5 years after WWII and people were still dealing with destruction and consequences.
- asdff 5y agoI will admit that life is more nuance than my toy example and was expecting this comment when bringing up the 1950s (which I hoped to deflect with my 'in economic terms' but alas), but my point has nothing to do with that and everything to do with the dollar amount of house and life you could purchase with your wages. Quite literally it was a time where my family members came with no money at all, found work in manufacturing, and purchased housing. My central point is that the kind of work today that would employ someone with low skills no longer pays for things like a home.
- watwut 5y agoBut that is the thing ... the "economic consequences" meant that a lot of people could not buy those houses with earnings. Pre-civil rights era meant lynching of succesfull people and unavailability of the jobs that allow to buy good place for massive amount of people.
- dontlaugh 5y agoI’m from one of those poor countries. In case it wasn’t clear, I’m for ending the profit motive. I want us to produce for need instead.