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This sounds like an economically naïve take that ignores those realities of local labor markets, relative purchasing power, and all the other reasons that under
by dcrazy 1y ago
This sounds like an economically naïve take that ignores those realities of local labor markets, relative purchasing power, and all the other reasons that underpin the theory of specialization in the first place.
- constantcrying 1y agoThen give your theory why American workers deserve many times the wages of a Chinese worker, performing identical tasks to the same standards. >local labor markets, relative purchasing power Reverse causality. >and all the other reasons that underpin the theory of specialization in the first place. If you are specializing in something and someone else does everything you do better than you than the theory of specialization tells you that ...
- pjerem 1y agoI mean, you don’t "deserve" your wage you are just paid what someone is ok to pay you and that’s a factor of a lot of externalities.
- ToucanLoucan 1y ago> Then give your theory why American workers deserve many times the wages of a Chinese worker, performing identical tasks to the same standards. Because it costs many times as much to live in America as it does China. > If you are specializing in something and someone else does everything you do better than you than the theory of specialization tells you that ... Okay and my understanding was the idea behind this whole "society" thing was that we worked together for mutual benefit of one another. If whole segments of the society get left to starve and die because a different group of workers elsewhere can do their work cheaper than they can, that strikes me as... well, horrible, and also short-sighted and stupid.