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by moistly 1636 days ago
> single corporations have no power in choosing wages. The labor market does.

Counterpoint: Bangladesh. The labour market does not choose to work 60hr 7day weeks for $75/mo performing skilled sewing of your clothing because they like it: it is because they are left no choice. Given the opportunity, corporations will just as happily enslave Americans as it does third world citizens. Already does, in fact: slavery is still legal via imprisonment.

Corporations could choose to pay their Bangladeshi labour significantly more, and it would cost you only pennies more for your shirts … but they don’t. They pay as absolutely little as possible. They will inevitably do the same to you.

1 comments

Every company try to pay as little as possible. The only reason they can pay less in Bangladesh is because the economy there is much less developed. Raise the minimum wage in Bangladesh and companies will move to somewhere else leaving those people with subsistence jobs and no way up for the economy. Leave enough companies free to move there and eventually wages will raise as more companies will have to bid higher for the same labor.