The term "race to the bottom" is a misnomer. It is really opposing those who have nothing getting the same chances and opportunities we have.That doesn't make any sense. Is there any body or group that actually advocates a race to the bottom? As for "lamenting" outsourcing to lower cost countries? Does nobody else "lament" the outsourcing of jobs?
Which is it?
If I want to build a business around minimum wage workers I can expect that business to provide an unreliable service. Not because the workers themselves are unreliable ( if I hire 18yr undergraduates of computer science to flip burgers on a Saturday night I should be prepared to accept a high staff turnover, shift swapping, etc. Not because they themselves are lazy or unreliable but because my business model is built around minimum wage) but because my business model is set up to have high staff turnover etc. This is an unreliable business model, this is disruptive.
That remind me, you still haven't answered this;Oh great, you have gone globalist again. Did you know that pizza workers in the US and UK have gone on strike?
Good, so you agree that high wages can damage the economy or, more specifically, wage levels or wage increases which are not tied to an increase in productivity. Is that correct?
You do know that an organisation which pays wage levels in excess of the market rate but is no more productive than the average market rate is not productive, right?
You also know, I presume, that organisations in which their labour is less productive than the market average but pay the average market rates are also not productive?
This all comes down to costs within the economy. If the State sends more money than it should in one area then there is less money to spend where it is needed in another area. The socialist solution is to take more money from the productive wealth generating sectors of the economy. I'd rather see the waste reduced instead or perpetuating that cycle.
Okay, so they don't look for subsidies and protectionist tariffs? Is that right?No it doesn't, you are making this stuff up.
No, I would like to see no drivers at all. They are completely unnecessary.Do you think the capital city's transport network should be modelled in this way, considering how easy it is to operate a tram?
The term "race to the bottom" is a misnomer. It is really opposing those who have nothing getting the same chances and opportunities we have.
I don't lament the outsourcing of jobs. It is part of the evolution of our economy. It is better to gradually change over years than have that change forced upon us like a tsunami.
No, I would like to see no drivers at all. They are completely unnecessary
Instead of having an economic model which spreads prosperity the Trade Unions and other interest groups seek to maintain restrictive trade practices which means that the poorest in the world can't sell their products at a fair market price.No it is not. It is a term that exposes the devaluation of the chances and opportunities we have. It means that rather having an economic model that builds on and spreads prosperity, we instead have an economic model that will mean future generations will be worse off than we are.
If the "solution" is to pay people more than the minimum wage, can you see how this drives up wages?
That's a classic. Motionless trams!
Instead of having an economic model which spreads prosperity the Trade Unions and other interest groups seek to maintain restrictive trade practices which means that the poorest in the world can't sell their products at a fair market price.
Look up driverless Trains, driverless Trams and Driverless Buses. They'll be here soon!
I'm sure you are familiar with the Insider-Outsider theory of employment.This is nonsense. Give me an example please.
Good man; you made a funny!What time is the next one due? There is a queue of people on Abbey St waiting to get home.
When Dell decided to move to Poland, who cheered?
Polish mammies, who saw their children getting jobs at home instead of having to emigrate.
I'm sure you are familiar with the Insider-Outsider theory of employment.
Apply that globally rather than nationally.
If Polish workers had a comparative advantage in producing the Dell computers more cheaply then there was a net benefit to the world.
From my understanding of the Dell Limerick case, which no doubt is lazy and uninformed by comparison with your own, the Dell operation in Limerick was extremely well run and kept the work there longer than the economic fundamentals would indicate.
Of course the question is why did Polish workers have a comparative advantage. Is it because wages for computer assembles workers in Limerick are higher than Lodz. They need to be because transport workers, (and teachers, and nurses, and doctors everyone else in the protected sectors ) in Limerick earn massively more than in Lodz. So the assembly workers, working in an internationally trader sector, need to earn enough to support the protected sectors.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?