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Just throwing this out here, but in a globalized world, by what mechanism would one expect Europeans and Americans will be able to enjoy a greater standard of l
by joe_the_user 4y ago
Just throwing this out here, but in a globalized world, by what mechanism would one expect Europeans and Americans will be able to enjoy a greater standard of living than people in, say, Asia?
The world standard of living should be equalized globally but it should be the present first world standard, not the present third world standard.
This is certainly possible given increasing world productive capacities.
- sokoloff 4y agoThe present first-world standard is enabled in large part by the present spread in costs of production (roughly: wages) in other areas. Certainly the phone you’re using and almost certainly the clothes you’re wearing were not made by people making a median Western wage.