Free Capitalist Network - Community Archive
Mises Community Archive
An online community for fans of Austrian economics and libertarianism, featuring forums, user blogs, and more.

Do you even care about the ridiculously low wage(slave) workers in Asia?

rated by 0 users
Answered (Not Verified) This post has 0 verified answers | 58 Replies | 12 Followers

Not Ranked
31 Posts
Points 2,095
kylio27 posted on Mon, Sep 3 2012 4:48 PM

How would they be protected in the free-market? 

  • | Post Points: 170

All Replies

Top 50 Contributor
2,679 Posts
Points 45,110
Suggested by John James

  • | Post Points: 5
Top 10 Contributor
Male
4,987 Posts
Points 89,745

1) Workers often go to sweatshops because governments force them off their land

2) Sweatshops still, however, provide an alternative to starvation. Even Krugman realizes this: Slate article

3) Workers in Asia are not operating in a free market. Are you suggesting a free market is allowed in those countries? Then I might predict what happened in the US during the IR - increase in wages, productivity, and standard of living.

  • | Post Points: 5
Top 500 Contributor
Male
183 Posts
Points 3,740

As the demand for producer goods increases (workers), the price of those workers (wages) will be bid up. So, it will be like what happened here in early America. Workers were treated poorly and as productivity increased and the demand for workers rose employers HAD to treat them better or they will leave their jobs for positions that treated their employees better.

  • | Post Points: 5
Top 500 Contributor
Male
183 Posts
Points 3,740

http://www.youtube.com/watch?v=NxBzKkWo0mo

 

Here is a video on sweatshops.

  • | Post Points: 5
Top 500 Contributor
113 Posts
Points 1,685
Suggested by Malachi

What could possibly benefit low wage earners more than the free market?  Businesses are driven to the impoverished area to exploit cheap labor, the lower the relative cost of labor the larger the incentive to move operations there.  The more businesses that exploit the cheap labor, the more that labor is driven into scarcity causing wages to rise.

Contrast this with government implementing a minimum wage, sure those that are employed make more, but the incentive for business to flock to the area is lessened, more people remain unemployed, labor is never driven into scarcity so wages never naturally rise, and less is produced so the cost of living is harmed relative to the free market alternative even for those lucky ones that got a minimum wage increase.

  • | Post Points: 5
Top 10 Contributor
Male
4,987 Posts
Points 89,745
Suggested by Malachi

Imagine you were to take the entire Federal Register of regulations and you were to apply it to Bangladesh. Would the entire country suddenly get safe, air conditioned offices and a good pay? Of course not. There'd be even more poverty if it were enforced fully.

  • | Post Points: 5
Top 10 Contributor
Male
5,118 Posts
Points 87,310
ForumsAdministrator
Moderator
SystemAdministrator
Suggested by Malachi

kylio27:

How would they be protected in the free-market? 

 

Protected from what?

To paraphrase Marc Faber: We're all doomed, but that doesn't mean that we can't make money in the process.
Rabbi Lapin: "Let's make bricks!"
Stephan Kinsella: "Say you and I both want to make a German chocolate cake."

  • | Post Points: 35
Top 10 Contributor
Male
4,987 Posts
Points 89,745
Suggested by Norgath

Rain, sleet, falling rocks, you name it.

  • | Post Points: 5
Top 10 Contributor
6,953 Posts
Points 118,135

Low wages of course.  I think it's pretty well documented that low wages are the #1 cause of cancer in the opinion of idiots.

 

  • | Post Points: 35
Top 10 Contributor
Male
4,987 Posts
Points 89,745

Ha! That was good.

  • | Post Points: 5
Top 10 Contributor
Male
5,118 Posts
Points 87,310
ForumsAdministrator
Moderator
SystemAdministrator

John James:

Low wages of course.  I think it's pretty well documented that low wages are the #1 cause of cancer in the opinion of idiots.

You lie!

Don't you know that low wages run around at night, gnawing at telephone wires, thereby disrupting Internet connections?

To paraphrase Marc Faber: We're all doomed, but that doesn't mean that we can't make money in the process.
Rabbi Lapin: "Let's make bricks!"
Stephan Kinsella: "Say you and I both want to make a German chocolate cake."

  • | Post Points: 20
Top 10 Contributor
Male
5,118 Posts
Points 87,310
ForumsAdministrator
Moderator
SystemAdministrator

kylio27:

How would they be protected in the free-market? 

 

Ok. In all seriousness, let's first agree on definitions. How are you defining "low wages"?

To paraphrase Marc Faber: We're all doomed, but that doesn't mean that we can't make money in the process.
Rabbi Lapin: "Let's make bricks!"
Stephan Kinsella: "Say you and I both want to make a German chocolate cake."

  • | Post Points: 35
Top 150 Contributor
639 Posts
Points 11,575
cab21 replied on Mon, Sep 3 2012 9:04 PM

by the free market

  • | Post Points: 5
Top 10 Contributor
6,953 Posts
Points 118,135

Daniel Muffinburg:
Ok. In all seriousness, let's first agree on definitions. How are you defining "low wages"?

Below a living wage.  Duh.

 

  • | Post Points: 5
Page 1 of 4 (59 items) 1 2 3 4 Next > | RSS