Van Badham complains about how the schmutter trade is moving out of Asia and into Africa. My comment there:
“Now, of course, “wage pressure” from Asia’s industrialised working class is tempting manufacturers to relocate to Africa.”
So this capitalist exploitation made Asia rich and you want to stop the same thing happening in Africa?
How nice of you.
And of course this is idiocy:
If globalisation allows multinational corporations to base their operations where a worker’s value is a mere $10 a week, it sets up a situation ripe for competitive exploitation that becomes everyone’s problem. Without an international minimum wage, we’re all worth 10 bucks.
Just to give an example, 96.5% of Americans working receive more than the minimum wage in that country. There is thus some force other than the minimum wage which determines wages then, isn’t there?
Hmmn, comments are closed there. Wonder why?