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The New DU. Reply #24: Maintaining a Low Wage work force
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One_Life_To_Give
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Wed Jan-26-05 05:13 PM
Response to Reply #22 |
| 24. Maintaining a Low Wage work force |
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Requires a corrupt government to prevent wage inflation in competition for workers. And then it only works to the limit in which the citizens will tolerate without revolt.
Money has to flow in a loop. Whatever amount the wealthy spend in foreign products has to be returned to the wealthy. Otherwise the wealthy will not be wealthy for long.
There are fewer jobs/services for which a specific physical location is required. Hence all people around the globe can bid equally on the work to be done. Making it impossible for one to charge more than the other.
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