- Sep 12, 2008
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Watching my Korean soaps. They are better than the stuff out of Hollywood. But they all speak Korean, which is as musical as something by Stravinksy. All those Hollywood types make a product of a lower quality, so I can't be bothered with it. Sucks to be them.
The price of a good, wages or whatever is determined by the demand for that product and the willingness of folks to pay the costs of bringing it to market. Wages are only relevant on what you can buy with them. The reason the Bangladeshi worker probably has to get by on so little is because of all the other costs in the system.
There is no way some guy in Bangladesh is going to compete with an American worker who does a $16 an hour job. US factories do not pay the wages they do for someone who is only worth 25 cents an hour.
Wages are a cost, and people pay the cost based on the fact they get more than the cost back.. $16 pays for a set of skills in english, following instructions, math, being able do to a set of tasks without supervision, and just the fact that the factory is in a certain place and the customers are in a certain place and the materials are there too.
A 25 cent an hour worker is a guy who has 25 cent an hour skills.
We are not paying the wages we pay because anyone deserves them. It is because they earn them.
How is anyone entitled to the belief that the rest of the country owes him, just because he was born here? That was his good luck. He needs to build on it.
The price of a good, wages or whatever is determined by the demand for that product and the willingness of folks to pay the costs of bringing it to market. Wages are only relevant on what you can buy with them. The reason the Bangladeshi worker probably has to get by on so little is because of all the other costs in the system.
There is no way some guy in Bangladesh is going to compete with an American worker who does a $16 an hour job. US factories do not pay the wages they do for someone who is only worth 25 cents an hour.
Wages are a cost, and people pay the cost based on the fact they get more than the cost back.. $16 pays for a set of skills in english, following instructions, math, being able do to a set of tasks without supervision, and just the fact that the factory is in a certain place and the customers are in a certain place and the materials are there too.
A 25 cent an hour worker is a guy who has 25 cent an hour skills.
We are not paying the wages we pay because anyone deserves them. It is because they earn them.
How is anyone entitled to the belief that the rest of the country owes him, just because he was born here? That was his good luck. He needs to build on it.