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i wouldn't expect less from an economist. just hear his paradoxes: 1st he quotes: "First of all, even if we could assure the workers in Third World export indu
by gcb 15y ago
i wouldn't expect less from an economist. just hear his paradoxes:
1st he quotes:
"First of all, even if we could assure the workers in Third World export industries of higher wages and better working conditions, this would do nothing for the peasants, day laborers, scavengers, and so on who make up the bulk of these countries’ populations. "
tl;dr: even if you raise those workers pay, it will do nothing for the other workers in the country
2nd he concludes:
"Wages paid to manufacturing workers in China are not determined by the productivity of those specific workers. They are not determined by US wages, by the profits that Apple makes nor even by the good intentions of the creative types that purchase Apple products. They are determined by the wages paid by other jobs in China and that is itself determined by the average level of productivity across the Chinese economy."
tl;dl: the workers are paid poorly because everyone in the coutry is badly paid.
see what he did there?
he just used the cause of the problem as a consequence and dismissed it!
boycott apple (and others!) so that those specific workers wage will rise to please public opinion, and with that, the wage of everyone else will also rise!
- hetman 15y agoAnd where is the money for "everyone else" going to come from?
- z0r 15y agoAfrica. Somebody has to pull the short straw, I guess - your objection indicates that you would agree that somebody will have to be exploited
- hetman 15y agoNo, it indicates that a complex economy takes time to develop because so many structures therein rely on each other. Are you suggesting that if a billion Chinese were to be transplanted to the USA tomorrow they would all find good paying jobs? Where would the infrastructure to support all this come from? Now add to this the fact China doesn't even have the economic infrastructure that the USA does. I don't see any exploitation here only gradual growth and development. By your logic I assume you believe Africa needs to be exploited for the benefit of the Chinese?
- gcb 15y agoCompanies that profit from the low wages. They will just profit a bit less