You just randomly threw in the word exploitation again.
They're aren't being exploited. Wages are different across the world because of cost of living & PPP.
As the article stated, a child can earn 4 times the national minimum wage. That's not exploitation. They're much better off.
Expecting every American company to pay American wages for workers in Pakistan would hurt people in Pakistan as it completely eliminates the incentive for companies to send jobs there.
> is an opportunity to study and question the system that creates the conditions such that there is a labor market comprising children who are available for exploitation for cheap labor by very rich Western companies
The reason why is because Western countries embraced market-based economies whereas India, China, South America, etc. spent decades embracing socialism/communism and threw away decades of potential growth/prosperity.
A very interesting experiment is to look at North Korea and South Korea. In the 1950s, both countries were identical. One went the market-based route and allied with the West. The other went the communist-route and allied with China.
You can also look at the "Asian Tiger Economies". Singapore, South Korea, Taiwan and Hong Kong. They all embraced market-based economies and and their economies exploded with prosperity.
There's tons of research into why some countries prosper and some don't.
The first definition is the inherently negative common usage when applied to person-to-person or entity-to-person relationships.
Applying the second definition to the labor market would mean every worker is being exploited, because no profit-seeking corporation (or resource efficient government program) would keep a workforce that is a net loss to the organization.
> Applying the second definition to the labor market would mean every worker is being exploited
No, it means the labor side of the labor market is being exploited by capital. It means the capital side of the labor market is being exploited by labor. And yeah, that’s an accurate and correct use of “exploit.”
>The reason why is because Western countries embraced market-based economies whereas India, China, South America, etc. spent decades embracing socialism/communism and threw away decades of potential growth/prosperity.
India is one of the most neoliberal countries in the world. Meanwhile China is much further ahead. The growth that China has experienced in the past few years exceeds the total economic output of India. Enjoy writing more comments in bad faith
India spent decades under a very restrictive economic regime. That changed a lot after the big liberalization of 1991, but the official economic policies are still moderately stifling. The comment you're responding to was not made in bad faith.
You just randomly threw in the word exploitation again.
They're aren't being exploited. Wages are different across the world because of cost of living & PPP.
As the article stated, a child can earn 4 times the national minimum wage. That's not exploitation. They're much better off.
Expecting every American company to pay American wages for workers in Pakistan would hurt people in Pakistan as it completely eliminates the incentive for companies to send jobs there.
> is an opportunity to study and question the system that creates the conditions such that there is a labor market comprising children who are available for exploitation for cheap labor by very rich Western companies
The reason why is because Western countries embraced market-based economies whereas India, China, South America, etc. spent decades embracing socialism/communism and threw away decades of potential growth/prosperity.
A very interesting experiment is to look at North Korea and South Korea. In the 1950s, both countries were identical. One went the market-based route and allied with the West. The other went the communist-route and allied with China.
You can also look at the "Asian Tiger Economies". Singapore, South Korea, Taiwan and Hong Kong. They all embraced market-based economies and and their economies exploded with prosperity.
There's tons of research into why some countries prosper and some don't.