I'm going to call this the competitive wage theory. I will say that if countries compete in paying their citizens the cheapest wages and benefits with the job that the country will produce those resources and industrialization is bound in that country. An example is China workers versus USA workers. China workers get paid less, so industrialization is more common there than here in the USA. Whoever loses in the competitive wage theory is bound to create another facet of employment from the products produced from industrialization of those products. We see it today that USA is a service economy, no industrialization, but tons of salespeople. Our labor does not pollute, but persuades. Their labor doesn't persuade, but pollutes. Me personally, I think industrial jobs are harder work, but you should be getting paid more so the government of China did not create strong currency rates of employment so the more expensive work is in China.
2007-12-11
08:16:24
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3 answers
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asked by
Anonymous