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If somebody else is willing to do the same job for less, it means your asking price for your services is too high. Americans love to complain about stagnation o
by golergka 3y ago
If somebody else is willing to do the same job for less, it means your asking price for your services is too high. Americans love to complain about stagnation of wages, while in reality it just means that people in other parts of the world have reason out of poverty competing with them on a labour market. If you value a Chinese life just as much as an American one, the fact that American worker can now afford one car per family instead of two but a Chinese worker can now eat meat on a regular basis clearly is a benefit to humanity.
- charlie0 3y agoI fully agree, but what does this have to do with letting workers work less as productivity increases? Are you implying that stage would only occur if productivity gains are spread equally across the world?
- golergka 3y agoLetting? Nobody is forbidding workers from taking less shifts. It's workers themselves who decide that higher compensation is more important for them than leisure.