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I'd say it a little more complicated then that when it comes to analyzing the American worker. You have the American worker, who has a high standard of living b
by tcmart14 4y ago
I'd say it a little more complicated then that when it comes to analyzing the American worker. You have the American worker, who has a high standard of living because the cost of goods are driven down by the fact that the Vietnamese worker gets access to running water. This is just to use your terminology/example. The reality is its not access to running water, but a job that will higher their standard of living. The American worker wants the to buy the 72 in TV, but also wants to have the job to make the 72 in TV and the only way he can afford the 72 in TV is if it is made in Vietnam.