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| Authored by: Giant Space Hamster on Tuesday, April 05 2005 @ 11:13 PM CDT |
But that's the point, if multinationals can switch places and labour can't, then multinationals control the wage markets, eroding higher wages (and other benefits) in places where citizens fought for them, and not allowing developing countries to move up the ladder.
I don't understand this section. I see how multinats switching can erode higher wages in First World countries. But how does multinats switching prevent developing countries to move up the ladder?
After all, if the factory moves to India, it has to offer better wages than the people of India are being paid in order to get them to work. Admittedly, if the populace is destitute, this can be very low, but it is still a step up from their current situation. I don't see how this, from India's point of view, is a bad thing?
What do you expect to happen if the multinats don't switch?[ Parent ]
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