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[–] TauCeti 0 points 9 points (+9|-0) ago  (edited ago)

In other words, the end game of globalization, where North Americans and Europeans works for the same pittance that they do in Asian countries. Yeah, there are some problems with that:

  1. You can hardly live on third world wages in a third world country. You can't live on third world wages in a first world country, so things would have to collapse to third world status. Good luck surviving the instability.
  2. The demand destruction as everyone inevitably sinks to $0.30/hr would flatline the world economy. Useless to have slave wage employees if there are no buyers.
  3. No motivation to find environmentally friendly ways to do business means wholesale physical destruction. Do you really, for example, want to go back to burning coal and belching fumes, unregulated, for power?

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[–] brother_tempus ago 

In other words, the end game of globalization, where North Americans and Europeans works for the same pittance that they do in Asian countries.

Or not work at all

You can hardly live on third world wages in a third world country.

That because the Asian government devalue the crap out of their currencies

The demand destruction as everyone inevitably sinks to $0.30/hr would sink the world economy.

No as I have stated the currency devaluation will eventually catch up with the government and its people and then you will see a Venezuela or an Argentina circa 2002

No motivation to find environmentally friendly ways to do business

If there is legitimate demand than there wil always be supply