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Is there historical evidence to back the notion that, through market forces, employment standards would rise to meet workers' demands?
by cheeseprocedure 13y ago
Is there historical evidence to back the notion that, through market forces, employment standards would rise to meet workers' demands?
- cmhamill 13y agoPut plainly, no.
- mr_spothawk 13y agoHong Kong is a good example. You can watch the first episode of Milton Friedman's PBS series "Free to Choose" for more details. *edit for clarity
- JVIDEL 13y agoHK grew off opium trafficking and money laundering, any other examples?
- jacoblyles 13y agoGrowth in wages and better working conditions broadly followed the growth in labor productivity. I see labor protection laws as a lagging indicator of worker well-being that are only passed when a society is rich enough to afford them.