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by meowfly 771 days ago
Op is correct though. A CEO of a major US company who makes 1000x the wage of a factory owner in Shanghai who makes 100x the wage on the back of illegal migrant labor (very common) who is working to send money home to support their parents in the rural city they were born.

Just a few decades ago, that CEO would have paid his fellow countryman a modest salary and would have also made less themselves.

When you just imagine the staggering gap we've created, it feels deeply unfair. And it's not just a matter of starting a business. It is a structural moral failing.

1 comments

If the worker in Shanghai had similar economic freedom and rights to workers in the west have then this would not be an issue.

Instead, useful idiots everywhere are proposing to add restrictions to the parts of the system working well.

> If the worker in Shanghai had similar economic freedom and rights to workers in the west have then this would not be an issue.

You're right. So I guess we are agreeing that the hyper-capitalist system we currently have relies on exploiting others?

We can build a system with less sharp edges without blowing it up.

Like worker representation on boards (Germany does this), cap gains that reduces as you hold investments (Clayton Christensen proposal), and holding the countries we outsource to similar environmental and labor standards.