The good news for sweatshop workers today is that the world has better technology and more capital than ever before. Development in these countries can happen even faster than it did in the East Asian tigers. If activists in the United States do not undermine the process of development by eliminating these countries' ability to attract sweatshops, then third world countries that adopt market friendly institutions will grow rapidly and sweatshop pay and working conditions will improve even faster than they did in the United States or East Asia. Meanwhile, what the third world so badly needs is more "sweatshop jobs," not fewer.
Showing posts with label sweatshops. Show all posts
Showing posts with label sweatshops. Show all posts
Sunday, June 8, 2008
In Defense of "Sweatshops"
In Defense of "Sweatshops'" (EconLib):
Labels:
economics,
poverty,
sweatshops
Tuesday, June 3, 2008
How 'Sweatshops' Help the Poor
"How "Sweatshops" Help the Poor" (Mises Institute):
One of the oldest myths about capitalism is the notion that factories that offer the poor higher wages to lure them off the streets (and away from lives of begging, stealing, prostitution, or worse) or away fom back-breaking farm labor somehow impoverishes and exploits them. They are said to work in "sweatshops" for "subsistence wages."
That was the claim made by socialists and unionists in the early days of the industrial revolution, and it is still made today by the same category of malcontents – usually by people who have never themselves performed manual labor and experienced breaking a sweat while working. (I am not referring here to the red herring claim that most foreign "sweatshops" utilize some kind of slave labor. This is an outrageous propaganda ploy designed to portray defenders of free markets as being in favor of slavery).
Labels:
capitalism,
economics,
sweatshops
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