Robert has very personalized opinions about what “fair” should mean and how government and industry should work to eliminating poverty in the world. Of course, it is always his way that should prevail, regardless of the objections that many here voice.
Apples and oranges!
In what way are they apples and oranges?
In the one case you’re talking about somebody traveling to a third-world country to work as a university professor (which was nice of him); no exploitation. And in the other case you’re talking about a large corporation going to a third-world county with the intention of exploiting needy people who would otherwise likely starve.
If those corporations had not been able to pay lower wages in those nations, they would not have gone there; they would have stayed here and continued to employ us at union wages and the people over there would have starved to death.
It’s certainly true that in some countries, a low paying factory job in a factory owned by a U.S. corporation is eagerly sought after because the wage, while meager by U.S. standards is better than what they had before.
Come on, union wages compared to the dirt cheap labor costs in third-world countries? The corporations could easily quadruple the third-world workers wages and still not come within a mile away from union wages (plus benefits)!
Have you done the research to support this statement or are you assuming things to promote your own ideology?
Please enlighten me.
Foxconn in China, which makes computer parts for various companies around the world, has 1.23 million employees. A raise of $1/hour would cost them over $9million/day.
What are they currently being paid? Is the $261 figure per month? What would the cost be if using union workers here in America?
They don’t say if it’s per month or per week, bit it does include room and board (such as it is), so I’d say it works out to $2.50/hr if it’s monthly; $7.75/hr or thereabouts if it’s weekly.
Labor costs for UAW workers, afaict, were in the $70-$75/hour range BUT this is not what they were paid; this is the addition of all the company’s labors costs divided by the number of current workers, but the costs included retirement payouts.
Bob, as you can imagine, a strong government can have many problems of its own. I say this as a moderate with some background in history and political science. I’m a bit leery of Big Brother and Big Sister.
“Strong (big?) government”?
National and multi-national corporations via the stock market, and usury promote greed.
I agree in this sense: modern capitalism rests on unlimited acquisitiveness. This is an intrinsically unheatlhy state of society.
