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Income Inequality
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<blockquote data-quote="rickyb" data-source="post: 1554145" data-attributes="member: 56035"><p>competition is not always a good thing, if u use your imagination you can think of situations where u would not want to compete. competition can be a bad thing, or it can be a good thing.</p><p></p><p>do you think americans want to lower their wages to $0.25 /hr or the comparable low wages in the 3rd world just so they can stay "competitive"? thats whats happening in the US labor market anyways because of a loss of jobs is pushing down wages of workers.</p><p></p><p>i dont think an american worker who charges $10/hr is 40x better than a 3rd world worker who charges $0.25/hr, and I think the corporations agree because otherwise they wouldnt be there in the first place.</p><p></p><p>companies have been leaving america for cheap 3rd world labor for many decades now...i suppose they consider it the best at many things, otherwise they would not still be there. europeans have the best working conditions in the world, but that doesnt mean their product is that much better than americans. i dont necessarily think theres a correlation between quality of labor and cost of labor, but there obviously can be.</p><p></p><p>but i think students who are $30,000 in debt working for free at internships is a sign of economic mediocrity; and that i dont like.</p></blockquote><p></p>
[QUOTE="rickyb, post: 1554145, member: 56035"] competition is not always a good thing, if u use your imagination you can think of situations where u would not want to compete. competition can be a bad thing, or it can be a good thing. do you think americans want to lower their wages to $0.25 /hr or the comparable low wages in the 3rd world just so they can stay "competitive"? thats whats happening in the US labor market anyways because of a loss of jobs is pushing down wages of workers. i dont think an american worker who charges $10/hr is 40x better than a 3rd world worker who charges $0.25/hr, and I think the corporations agree because otherwise they wouldnt be there in the first place. companies have been leaving america for cheap 3rd world labor for many decades now...i suppose they consider it the best at many things, otherwise they would not still be there. europeans have the best working conditions in the world, but that doesnt mean their product is that much better than americans. i dont necessarily think theres a correlation between quality of labor and cost of labor, but there obviously can be. but i think students who are $30,000 in debt working for free at internships is a sign of economic mediocrity; and that i dont like. [/QUOTE]
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