The UN on sweatshop economics

\”For example, firms that produce cheap labour-intensive goods or that exploit natural resources may not want a more educated workforce and may care little about their workers\’ health if there is an abundant pool of labour.

Err, yes.

That\’s why we like to encourage lots of sweatshops, so that the capitalists are competing for access to that now shrinking reserve army of the unemployed, meaning that the prices paid for labour (ie, wages) rise.

Jesu, even Marx managed to get this point.

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