alt text: 18 of our 40 employees are located in the Philippines. Insanely competent, great judgement, and $5 per hour. If you run a small business and don’t have overseas help you’re at a disadvantage
alt text: 18 of our 40 employees are located in the Philippines. Insanely competent, great judgement, and $5 per hour. If you run a small business and don’t have overseas help you’re at a disadvantage
That is why it is not a perfect analogy. Training, skills, and information are not specifically a foreign resource. It is not something that is generously provided to 3rd would countries by places like the US. There’s why these can’t be cultivated domestically. Not to mention most exported labor isn’t exactly “skilled labor” (hate that term but it gets the point across).
Wages being based on net revenue generated from a specific worker would be difficult to calculate but it wouldn’t be so hard to distribute profits among types of labor based on their value to the company. Though I don’t think thats a solution at all, I don’t think companies should exist and I don’t think the profit motive should exist to be clear; I’m just trying to argue within the bounds of capitalism here.
I never said anything about not trading, trade is incredibly important because not every nation can manufacture everything domestically. Not every nation has every resource etc etc. letting foreign “investors” control your labor force and direct your economy is however, a terrible idea. Its a short term solution to long term problems. Unfortunately not every country has much of a choice though.