[sand_castles]

> There is no built-in fairness

Wage equilibrium around the world is inevitable with the rapid increase in integrated markets and improvement in telephony technology.

What this means for workers is far less important that what it means for capitalists.

We talk about race to the bottom for workers, completely ignoring race to the bottom for landlords / corporations and governments.

landlords around the world have to now compete on a much more even footing.

Rise of the corporate sector in China / Russia / Africa puts deflationary pressure on developed countries.

Governments that do not offer much, would watch the young and skilled flee to live under better government structure.

[SuoDuanDao]

I don't understand your reasoning, how does the rise of the corporate sector in developing nations put deflationary pressure on developed countries? Wouldn't competition from new economic centres dilute the value of development in Western countries thereby causing inflationary pressure?

[ayo4yayo]

Their point is that even if wages go down workers are able to move to cheaper areas.