Posted by SN on March 15, 2009, 1:38 pm, in reply to "In Defense of International Sweatshops"
128.54.44.4
I don't believe that this is a fallacy either. The logic of his argument makes sense. There is competition between foreign investors to open up shops in places with the cheapest labor. If the price of labor goes up in these places, there will be less foreign investment and therefore less jobs. It is an advantage for places like Indonesia to have low paying jobs because it attracts more companies to bring their business to them.
This leads us to understanding the reason that this section of the article is titled Painful Trade-Offs. Either the people in these countries will have very few jobs with higher paying wages, or there will be many many jobs with lower paying wages. If you look at it as Mill would from a Utilitarian point of view, the greatest good for the greatest number would probably be lower paying wages, but jobs for a greater number of people.
26
Message Thread:
« Back to thread